Practicing resilience and maintaining a level-headed approach allows investors to navigate challenges more effectively.Thanks for sharing these insights!

This means the total time both spouses spend on managing, maintaining, or working on the property can be added together to meet the 500-hour requirement.- Real Estate Professional Status (REPS): For REPS, only one spouse's time counts toward the 750-hour requirement.

As long as I maintain good credit, my good credit will blend  with whatever credit they establish on their own to generate their score.

Also what type of lifestyle are you trying to maintain-a simple one or one where you go on exotic vacations every month?

We keep everyone in the loop all throughout the process.To stay on track, we maintain a comprehensive checklist that covers all the tasks involved in closing a deal.

@Kiki Helland & @Ali L.So, you both believe the same effort and resources should be spent to manage and maintain Class A & D properties?

By setting clear screening criteria and using neutral language when communicating with applicants, you reduce the risk of legal issues and maintain professionalism.

It will take a huge amount of work to upgrade the property which has not been properly maintained, so we'll be doing a lot of infrastructure rehab including adding HVAC/AC, upgrading the wiring, and bringing the old floors back to life.

In fairness, that could be due to disruption from all of the construction.Our current PM has done a good job maintaining the property, but more and more I find myself having to get involved in day to day issues. 

The disadvantage I can think of is that, the tenants will treat renting your house as renting an apartment, and require more maintains like clogged toilets.