I’d also be clear that you expect him to bring his insurance current within 10 days so you can cancel your force-placed policy.

In Atlanta, for example, it's unlikely that most condos are netting more as an STR than they would have as an LTR.The first thing to understand is what type of travelers are you expecting to receive.

He asked me to elaborate and I told him that his headline advertisement for his investing in tax lien certificates program “ a government guaranteed investment” was a b.s. line I would have expected from Al Lowery or Robert Allen, not him.

Given that you have no income, and it's likely you may not meet the material participation threshold for 2023, the loss would then be kept on form 8582 to be used to offset future years of income from the property in the form of a "carryover loss"

This could involve budgeting strategies, saving goals, and even potential investments for the future.

@John Mausteller And if the rate hike requests are denied you can expect insurers to continue to pull out of those jurisdictions.

The first round is setting expectations and reviewing all documentation, calling landlord references, etc..

The earlier you start in your RE journey, the better off you will be in the future.

The earlier you start in your RE journey, the better off you will be in the future.

I would expect a mild renovation expense about 8k.