To look at the time of ALL of your rentals combined you need to make an election- and if you have prior losses tied up in the companies those would become tied up in the overall activity (IE if you sold ONE property from the grouping it's prior losses wouldn't be able to be deducted, where as normally they can be)Also the IRS is big on the log being regular and on going- meining you can't make it up after the fact. 

(You could probably also ask the current owner to contact the property management company and have him cut ties for you.)By and large, if you have any documentation that changes anything in regard to the tenants, they have to sign those documents.

Or could involve new foundations, pinning, ties, etc etc etc.

I was in your shoes a little more than four years ago.  

(yes they charge a fee.)You make your payment each month and they direct it to the 1st, 2nd, and Oh yes you will need to pay enough for property taxes, insurance, and anything else tied to the property each year. 

You have a single family house that has tied up in it maybe 60K equity and 140K loan at 4.25% (which is 1.25 higher than the best you can get now). 

Ideally I would be able to invest in other properties in the near term but I am also concerned about tying up all my available capital and loan potential in the house too.Thanks for the discussion.

I'm dealing with one now and I am hoping they just leave (except they haven't paid for July and with the eviction ban our hands are tied). 

The next market where I am most connected is Dallas, Texas and it appears the price for property is much cheaper and in our range.What type of advice would you give a young entrepreneur in these shoes ?

This ties into the college questions, because if becoming a real estate agent is not possible, my next best choice is to get a degree and work a regular job, until I have the money to start investing in real estate.Sorry for so many questions,-Noah Norton