It's important to maintain control of the situation.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

Finally, they could have purchased trip insurance.Simply put, we do not give refunds for things beyond our control. 

This allows me more control and options to move money around and have some cushion.  

I turned off instant booking during covid.I like the extra control and I don't plan on turning it back on unless bookings start to drop and they haven't.

It is built after 1989 (no rent control), with an already vacant unit for me to live in.

Owning the land is great because control is the most sought-after piece of the puzzle.

You have an unlicensed property manager who has completely lost control of your investment.

You also need to confirm and get copies of any other service contracts for the property such as yard or pool service, pest control, etc.

The authors believe this same rationale can apply to the Section 121 gain exclusion rules.Caution: If gain from the sale of the residence to the controlled entity exceeds the maximum Section 121 exclusion, the excess is taxable as ordinary income (rather than capital gain), since the controlled entity (related-party) purchaser will depreciate the property.Also, the S-Corp need to be funded to have minimum about of down payment required.