Do not continue on your own.For your next tenant, be sure you have strict screening requirements and do not waiver from those standards.

I do private lending in a self directed IRA with Equity Trust Company as my custodian.

I’ve built a solid network of contractors, hard money lenders, conventional/DSCR lenders, and property management companies that serve as my trusted boots on the ground contacts in Memphis.

1st step is to make sure that the electricity is rated for having electric heat by the electric company.

Depending on the repair (reroof, new electrical system etc) reputable and solvent contractors can be open to being paid at closing.There are also third party companies such as Curbio that can be a fit for this situation.

For firsts I have seen one company recently doing 30%+ on first position liens.

We designed our company Winnow to be a huge time-saver. 

My company for my personal house covers my STR very reasonably.

If you continue using it as a rental but reduce STR activity below the material participation threshold, your deductions may become passive and subject to loss limitations.2.

Built a 20 person company around our own portfolio.