Make sure your due your research and create yourself a check list that makes sense to you so when your out there making offers you can take that property through your checklist and see if that property meets your needs for what you are trying to accomplish.

IRS Pub 523 has a lot of additional info, and it lists "Where you spend the most time" as the most important factor in determining your principal residence.

It's one of the "nevers" many of us keep a list of. 

Sales seem to be keeping up with Listings with no major changes compared to 2023.

I would get 3-4 listings from Jan 2024 until now. 

I am considering how hard it is to collect anything when theres a problem. how much the deductible is means I’m already covering all the smaller items.

Upon the sale of the condominium, the capital gains on Person C's sale would be calculated as follows:A. 33.33% of the sale price minus the original purchase price to account for the interest acquired via quit claim deed on July 7 2015.B. 16.66% of the sale price minus the stepped up fair market value on 11/17/2020 as capital gains for the 16.66% remainder interest acquired on 11/17/2020 from Person A.C. 50% of the sale price minus the stepped up fair market value on 01/17/2023 as capital gains for the 50% remainder interest acquired on 01/17/2023 from Person B.Total Capital gains would be the sum of items 3A, 3B and 3C above minus any allowed deductions, such as the home sale costs (closing, repairs and so on).As an individual owned rental property, upon sale the only way to avoid the capital gains would be to do a 1031 exchange and then hold the new property that is purchased for approximately 3 years before selling it. 

Florida has been top of our list to invest in, however with what is happening with HOA fees climbing, insurance increasing and the new legislation for condo taking effect in 2025 we are going to sit back and watch for a bit.We live in Calgary and have been looking at Arizona and Montana as well, Montana is close for us.Sharing your contacts would be greatly appreciated.Thanks for the help

You are spot on that good design and other aspects like optimizing communications and your listing in the algorithms are critical for maximum profit.

I send my Tenant an itemized list of charges as required by law.