Im still doing a market research and gulfport, MS pop up. any additional information about this place regarding landlording, property management and ideal location would help. thanks

I've got $1M in equity tied up in a rental property that I will sell around June '25 to generate liquid capital . 

Get a base level of experience.  

I asked if I had to do anything like call the tax department that has the lien and let me know there are excess proceeds and they said no I didn't need to do anything.I guess I'm good then.Thanks for the helpRay Did this end up working out like that? 

We have the vendors all lined up ready to come in and fix stuff next week and it's nothing that can't be done within 1-2 weeks, even if our own DIY things. 

We keep them up to date on a monthly basis.When our clients' tax pros file their tax returns, we get a copy and make any necessary adjustments so each client's fixed asset balances match their previous tax returns.

Don't beat yourself up, but fix the problem.

We are based in FL.

I agree with @Michael Baum.I recently had a guest who lit fireworks and put the hot shells in the outdoor trash can which started a fire and burnt up the garage door, stucco, and facia before it was put out. 

What do you suggest is the best entity classification to choose from for a new, up-in-coming business owner to get the best balance between liability protection and tax advantages?