I was told by the previous owner that he put it in for a past tenant and that the couple currently renting asked to keep it as they may need it in the future.

This can include the time spent acquiring or improving rental properties, managing rental property portfolios, and advertising for tenants.Just keep in mind that you can’t combine time spent by both spouses to meet the 750-hour test. 3.

You’ll receive notifications when there is conversation in the forums you follow or if a user mentions those keywords—so keep them updated often!

If you are going to own property you need to keep a certain amount of reserves per property in an account and not touch it unless it's being used for that property. 

That is certainly the goal (revitalize downtown) the nonprofits here are making "filling storefronts" with viable businesses and keeping tourist downtown,  longer. 

Hi,I keep looking at current interest rates and property sales.

Keep in mind I have 20% held in reserves and expenses for Mgmt/repairs/cap ex.COC: 6.7%.            

If you have someone in mind to do the setup and trust their design eye then that can work.It will cost more but you just have to keep an eye on the budget.When will the tenant vacate the property so you can begin repairs?

And that is that by selling you also eliminate the opportunity to keep using the depreciation of that property to offset your other income. 

The ones I have in my home require cleaning and maintenance, and I have my doubts about people keeping up with it.