Just don't get stuck with lots of fees typically associated with 401k's mutual funds and some insurance products.

I now know what to expect and how to make an offer, which I had only read about previously.I haven't heard back from the seller yet...wondering what the typical time frame is for that?

They also have a dog  which was not reported and no pet deposit was received.

So definitely no cushions on anything besides your typical living room and bedroom furniture.

Aside from your typical items like budget and area, I am looking for something in a good school district, and a moderate size in terms of bed/bath room count, as well as area.

Passive losses are typically carried forward to future years and used to offset future passive income or gains from the same activity or a similar one.However, there is an exception under the tax law for "passive activity loss limitations" when an investment is disposed of in a complete disposition.

The three most common approaches include:Cost approach: An estimate of the replacement cost less depreciationIncome approach: Calculation of estimated potential rental incomeSales approach: Uses comps of recent transactions on similar propertiesBe sure you are leveraging the tax incentives availableIdentify any applicable tax incentives available for commercial properties - historic tax credits in certain areas, opportunity zones, environmental sustainability, etc.Understand available tax deductions, credits, and rebates - Tax deductions decrease the taxable value of a property, tax credits directly reduce your tax liability dollar for dollar and tax rebates are a refund of taxes paid under certain conditions.Utilize a cost segregation study - Cost segregation allows you to reclassify assets into categories with shorter useful lives, therefore accelerating depreciation and creating tax savings.Leverage energy incentives and deductions - Look into the Section 179D deduction and how you can save on tax by meeting certain standards to make your property more environmentally friendly.Best practices for commercial real estate owners and monitoring their property tax regulations:Plan proactivelyWork with a professional to receive guidance on complex regulationsUtilize specialized software tools to drive efficiency and compliance.What questions do you have regarding property tax valuations?

@Gabriela Angel nothing good comes from tenants knowing you are the owner.They just get to pressure you for immediate responses, whereas you typically want time to think and respond.Many here will state otherwise, but won't provide LOGICAL reasons, only emotional ones.

Hi @Drew SygitSounds like a tough situation for both you and your investor.Over the last few years, HomeRoom has housed thousands of roommates in our homes and used that time/experience to fine-tune our approach when dealing with cities and neighbors.City interactions are quite rare and we are typically able to work through them.

But better yet, do a deep search on this very Forum and see what actual S8 Landlords have said about this.Rental Pricing RegulationsRisk of Renting in Lower Income AreasRestrictions of Section 8 TenantsDon’t Receive Voucher Payment Until Tenant Moves InHUD Does Not Pay Security DepositsAnnual Property InspectionsPotential for Difficult TenantsProperty Damage IssuesHarder to Evict Difficult TenantsFull-Paying Tenants May Turn AwayDifficulty Selling Properties to Free Market