How would the situation differ with a home that’s never been a STR but would become one, or a home that’s for sale now that is a current STR.

Your ultimate goal is to create a “Win-Win” Situation, for you and the seller.

Agree with most here...the longer it takes to explain a situation or a deal, the less likely I am to want to do it.

I wish you well in your situation, this is never easy.

I'm looking for advice on a situation with an investment property my business partner and I purchased in June 2024 under our joint LLC in Springfield, OR.

Quote from @Garry Lawrence: I need advice on a serious situation involving a property I’m about to buy.

What's the best way to navigate this situation regarding the application process as well as the lease administration?

The 2008 timeframe was different and in situations a lot harder than now, but this market will shape a lot of investors that found their new market, product to focus on, and/or to dive in deeper when times get tough.   

The Only other deductions that I have right now are $154 for unpaid water bill, and $45 for the minor repairs mentioned (doorbell, blinds, shower).Questions for the group:Does $540 seem excessive for a cleaning charge, given the situation?

Today I had a new situation and obviously can't advise on tax/legal matters, but hoping to get some insight from the community.Managing a property for a client who divorced her domestic partner last year.