I tend to be fairly generous with my tenants, especially long term tenants but this is kind of ridiculous unless they requested it and you agreed in advance.

Just be fair and honest and follow the law.

In addition, a strong property management company will tackle all aspects of marketing, application, ensuring resident satisfaction, fair housing, handling late payment/evictions, renewals, etc. 

Their figures are labeled as "Fair Market Rent" and are the MEDIAN rent foir the area, which means it is the middle rent with 50% above that rent figure and 50% below that rent figure. 

I thought the program’s 50/50 profit split would align our interests and ensure they provided solid guidance, especially since I was new to the field and nervous about making such a large investment and thought the 50/50 profit split sounded fair.

If your property is the only one without a driveway, then yes, it may lower your ARV.One of the properties I own has a neighboring property that is the only property in the area without a backyard and without a driveway, and it is fairly lower than all the neighboring properties, although it is nearly identical in structure.

However, purchasing the replacement property from an estate where your mother-in-law is the executor and other heirs are your wife's aunts and cousins raises potential related-party concerns under Section 1031(f).The IRS generally prohibits 1031 exchanges between related parties unless both the buyer and seller hold their respective properties for at least two years after the exchange.To stay compliant and avoid disqualification, ensure:The estate sells the property directly before any distributions to heirs.You hold the replacement property for at least two years.The transaction is conducted at fair market value with no prearranged agreements.Given the IRS scrutiny of related-party 1031 exchanges, consult a qualified CPA or 1031 exchange accommodator to structure the deal properly and avoid potential capital gains tax liabilities.This post does not create a CPA-Client relationship.

To be as fair as possible, I'll let everyone know who would have qualified that the unit has been filled and is no longer available.

After about 10 years I have accumulated a fair amount of small multifamily properties. 

Hi Carlos, Tucson is a fairly inexpensive place to start house hacking compared to a lot of the west coast.