Many lenders will charge additional rate increase if loan is under $150K.

Additionally, consider consulting with legal and financial advisors to solidify your agreement and protect everyone involved.

If the Tenant’s visitors stay outside of the 14 days; Tenant will be charged an additional $50 every 14 days that the Tenant’s guests are staying in the unit.Is this legal for me to do this?

Keep in mind, the transactional costs of selling a property in Philadelphia with the high transfer taxes and brokerage fees (althoug these are expected to be reduced in light of the landmark NAR settlement that occurred yesterday), adds additional transactional costs, especially in instances where the home was purchased as recently as last year as is the case with your home.

As someone else mentioned there will also be additional expenses when you bring on a property management company.

Will add it to my calendar and try to be there.

Our partnership just received our K-1 for 2023.  

Additionally, acquaint yourself with New Jersey's security deposit regulations and be prompt in addressing maintenance issues, possibly with the help of a local handyman.

Told contractor today that estimations and contract must be received before proceeding.

Would the tax benefits of writing it off as an expense just be balanced out by having to pay tax on it on the receiving (PM) side?