You do not want to refinance relinquished property shortly before you sell it in an exchange.As a general rule, the IRS will take issue when a taxpayer refinances and strips equity out of a relinquished property shortly before selling it in an exchange.  

One issue was a slow draining bathroom sink which I called my warranty service provider to snake at no cost.

https://www.wbaltv.com/article/baltimore-city-selling-vacant...https://www.wbaltv.com/article/baltimore-city-selling-vacant...These are suckers bets in the vast majority of cases the cost to renovate exceeds the value of the property, that’s why no one wants them and the city has to sell them for $1

., I am the polar opposite of @V.G Jason.I do care about the guests, if they are late and need some kind of help, was there a serious issue etc.Personally I would reach out and see what's what.

@Carlos Ptriawanappreciate your perspective on these issues. 

I think land lording has taught me that the sad truth is that the majority of people are terrible and dishonest communicators.

Augustine Beach has tight rental restrictions and have issued just 100 "Transient Rental Licenses" which, of course, are all gone.

I have done things with attorneys, CPAs, stock brokers, insurance brokers and others successful in business.General business knowledge, understanding of financing requirements, knowing property valuations, maturity in personal financial matters to give general advice, understanding of the foreclosure process, legal aspects as to liability in leading someone into financial matters, fully understanding fraud issues and the differences in a general matter where fraud might be applied as generally thought of and what may constitute bank fraud causing or even attempting to cause a loss to an insured bank having different standards.

Assuming its properly marketed, price is almost always the issue.

As my portfolio grew, having one in my own name never felt like a major liability or administrative headache.My first Lehigh Valley property was a three unit, purchased with a partnership under our own names.