For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

The tenant didn’t pay last two months of rent and we have put him on collections.

The last thing you want is to be left with a home no one is willing to buy at the price you're asking. 

Lastly, don't work harder.........work smarter!!!!!!  

I’ll take  a year or so to refinance those into a long term loan and then use their funds for a different property.

I am a local Long Island Real Estate Agent covering everything from investment opportunities, development opportunities, home selling, home buying and everything in between. 

I want to do long-term rentals to section 8. 

However, when you weigh that against the reduced maintenance and energy savings, it can balance out.Longer Lease-Up Time: New construction properties might take a bit longer to lease up compared to established neighborhoods, especially if the area is still developing.5.

Have the tenant sign off on a move-in checklist to avoid disputes later.If your not using a property management company, you will also want to establish a plan for handling maintenance requests and emergencies.

I am in the middle of renovating my first long term rental and I need new windows for the upstairs unit (it is a top bottom duplex).