It's a good idea to speak with a lender that can at least put you on the right track.

I would suggest speaking with your attorney to keep the contract in force since you may miss important deadlines

Were you at the Marion County REIA meetup last night in Ocala with attorney Danialle Riggins speaking?

I'm particularly interested in channels that can reach Spanish speaking tenants. 

The majority of my tenants Tend to be higher maintenance and expect more for less service babe it’s kind of that entitlement mentality.

@Nic Gonzales, you really need to speak with a CPA and asset protection attorney who are familiar with REI.

For buy and holds, you are entitled to depreciate the full cost of the property (less the portion allocable to land), and not just the down payment (i.e. if you buy property for $1 million but only pay $200,000 the full $1 million is depreciable- as long as none of that is allocated to land). 

Seems to me from your representation that these tenants may be the type of people who will take whatever they can, then deem themselves entitled to it, and then be rather unwilling to let it go once they become accustomed to having it.

They don't remember it unless it is to their benefit generally speaking.

I saw the property the 1st day it was listed, while at the house speaking to the agent she literally was receiving offers for the house and the phone was ringing off the hook with people trying to see the property.