.* We could lose money on a project, or make twice our planned profit. * The amount of hours spent managing could vary, based on size of remodel and number of contractors involved (10 hours or 80 hours, paid the same).* The house could sit on-market a while, meaning the PM doesn't take a commission for 6-9 months on that project. 

You also might want to consider using the general asset account (GAA) as a strategy to possibly continue depreciating the property before demolishing and rebuilding.Obviously, once you convert the investment property into a personal residence, you lose out on any further deductions from a P&L standpoint.Feel free to DM me if you have any further questions.

Spend money to get professional photos.

Hello - I’m interested in brokering hard money loans on investment properties (non owner-occupied SFHs, multifamily, other commercial) but am residing in a state that requires a license.

What is happening on that day that they will suddenly have the money?

If you fail to follow the rules, you may open your personal assets to a lawsuit.

Should I sell (use the money to buy other rentals) our current primary residence in Tampa or rent it out?

Deposits will not be returned (full or partial) until all tenants move out.In the event of abandonment, arrest or death, the following person has the authority to decide when to terminate tenancy and how to store/distribute my belongings:Name: ____________________________________________________Address: ____________________________________________________Phone #: ____________________________________________________

During this time you are not generating any return from the money invested in the ADU.

She's then at risk of losing her money, but it also means she won't do that to another landlord.