Having the game plan ready before selling helps ease the stress on what to designate on if you have the clock ticking.Also, I'm curious if you've had the property for awhile and was it your primary residence for awhile? 

I can pay the monthly amount for the service (~50$) and then when anything breaks I can have the tenant pay the deductible, making issues pretty low stress.

With rental properties with every mortgage payment your tenant makes on your behalf, your principal reduces adding more equity in your pocket.

This will help reduce any unnecessary phone calls from tenants.

Hi BP team,I’ve been trolling the forum for years and just closed on my first rental property in Philly, a triplex.Close date was 4/15 and no lie, the last 45 days have aged me with stress and anxiety(I’m 27).I purchased just outside a college area, not really a prime location/there is a new property being built right next door, which started the week I closed and development on my block.Long term, maybe my home value increases w the development — BUT it literally killed the lighting/views in a couple units which is making tenant finding harder (plus construction noise) and I kind of already knew my challenge would be in placing tenants.

Hello Again BP, It seems like my BP Karma is only one-sided (I always ask for help, but never really give any). I promise once I finally acquire a property and officially start becoming a real estate investor, I will ...

The banks will reduce the heloc if/when home values fall.

So i'd prefer to property manage myself to reduce expenses and handle repairs at the lowest level because im extremely handy.Any input is greatly appreciated.

There are too many variables in each situation to say whether your tax professional did everything he or she could to reduce your taxable income through depreciation, improvement write offs and governmental administration changes, but you are asking the right question.My wife was an accountant before leaving the professional world to focus on our rental business and our children.

On the other hand, having an on-site facility may also enable you to increase rent rates and reduce vacancy, so the payoff could be much faster.