@Jeffrey Pelt You are cashing out and you have plan for next investment so cash out up to max limit.

I plan on doing the property management activities, with the rationale that it's a small condo where my responsibilities are limited.   

They'll get you an application, and contract you need to fill out with your tennant.Everything I've heard about mine is she has a stable job, 2 kids, and when I walked through the place looked and smelled great.Don't stereo type to quickly. 

To limit the damage, I invest only a small amount of money ("toe dipping" or "pilot trading").

Is it limited to progress photos?

Clause or not they’ll probably do it anyways if they want to.In my limited experience being around people who vape there’s no evidence of it within several minutes of it happening.

Are rental applications (ex.

It does not sound like there is a clear contract and hence the remedies are limited. 

This deduction is limited to the regular federal per diem rate (for lodging, meals, and incidental expenses) and the standard mileage rate (for car expenses) plus any parking fees, ferry fees, and tolls.

For instance, if the appraisal comes in at $200K, and they're selling it to you at $150K, then have them do gifting of $50K, keeping in mind annual limits on gifting gift tax free, if that concerns you.