+1 on the last comment. 

Screen tenants - Implement thorough tenant screening processes to minimize risk of vacancy and potential rental income loss.4.

The good news is that there is an unusual split in the market now, which won’t last forever, of which you can take advantage.Residential properties, at least in SoCal where you own, are still selling for relatively high prices.

Lastly, be transparent about ditching the property management company, emphasizing streamlined communication and potential cost savings for them.

I'm a Dad to Logan 9, Lucas 6, husband to Wendy.I've spent the last 11 years as an entrepreneur in the digital marketing world, primarily focused on physical product eCommerce (I own 2 brands that operate on Etsy and Shopify), and most recently having kinda accidentally built a few 100k social media following as the Carnivore Dad.I’ve been interested in and attracted to real estate for years but I just made excuses that had me staying in my lane of digital marketing, however I'm here now and eager to learn.I settled on Texas as my primary state because I have family here, I love meat, and I’m interested in firearms.

We have 3 rentals, and Turbotax says we made about $27k off the 3 combined last year, so I ended up having to pay the IRS $8k.

However, downsides include regulatory restrictions on bank lending, many institutions that restrict concentration and geographies, and other headaches and issues that arise when dealing with a slower-moving bank.DSCR loans are the option that has completely changed the BRRRR lending landscape in the last few years.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Everyone wants to move out as soon as possible.Thankfully, I have moved out last month, but you haven't returned my deposit yet.

I'd speak with your CPA to confirm whether or not your wife can qualify as a real estate professional because that makes a difference in being able to use your losses from the cost seg study now versus rolling them forward.https://www.aicpa.org/resource...