Unfortunately, over the 11 months he has lived there, he has only managed to pay the rent on time once.

I am not saying spend all your time learning and not doing, but please make sure you learn. 

we can do it not rented but rate will be significantly higher. easier and more cost effective to rent it. unless the bridge money needs to be paid back asap or you need the funds back to buy more, then a cost analysis needs to be done. personally id get it rented at market rent or a touch below if time is a factor. 

It means a lot that you took the time to explore our journey and the work we’re doing at Elevate.To answer your question, the biggest game-changer for us early on was strategic networking.

Take your time, be wise, and time will reward you.

i have my tenants switch out their air filters 4 times a year at least

Just remember you are spending time and money to improve a space that isn't yours and you're not able to take the improvements when you leave, ownership should have some skin in the game especially in a new build.   

Now is my time to get rolling.

This requires careful structuring and compliance with IRS rules.Installment Sales or Buyouts – Instead of distributing properties outright, investors can sell or buy out their respective shares over time, spreading out tax liability and reducing immediate capital gains impact.LLC Restructuring (State-Specific) – Converting the corporation into an LLC taxed as a partnership may allow for a more tax-efficient asset distribution.

This gave me time to get the house super clean and rekeyed before handing over the key to the new tenant.