In four months they'll essentially pay an extra month of rent which helps compensate for the additional work required during turnover.I also use month-to-month when a tenant appears high-risk and I want to take them on a "trial run" to see how they perform.

Beyond the liability there is extra wear on the property. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

If you can find another property in this market then sure buy another but either way it would nice to have an extra $400/mo in your pocket. 

Gift or Estate taxes - This is minor, but I will suggest to look into gift taxes in your state, so you do not end up paying extra taxes on the gift for 2021.

@Lindsay Op de Coul very, very difficult if no other 2-families exist on the block, but no extra regulations on the process like 2 to 3.

Great flashlights and extra batteries that fit, super long extender ladder, korkers/or other brands over shoe to go over your steel toe boots, GFCI tester, moisture meter, a dog nose, an extender mirror, shovel to check foundation moisture, respirator as some properties have gross smells or chemical exposure, regular retractable tape measure forget the laser one, 5 gallon bucket, zip lock baggies, brown paper bags, putty knife, variety of screw drivers,Are you checking basements?

If she claims one is an ESA so she technically only has one pet, then you can tell her that the pet requires a $500 non-refundable deposit and an extra $100 a month for the pet.

- Putting the property in LLC is not going to give you any extra deductions. - You will qualify for the exclusion even with the business use.