In the end; they would have had to dig-down the basement in order to achieve the necessary height, and then ended up just deciding to vacate the basement and convert it to "Heat and Storage" and ended up loosing all of their rentable potential from the basement level...Most of our clients see it as too much of a risk to try to keep the existing basement floor when it is around 6'-11" - 7'-1" rough.

At the same time, educate yourself on how to manage the property well (most investors miss this critical step).

Generally, out of state owners have property managers and other ways of managing that makes it extremely difficult to meet material participation requirements.

I have decided i'm not going to be pursuing college, only will be pursuing a real estate license.

The garage is a prime candidate for its own ADU, but for now, I just wanted to get some people paying for the mortgage then decide next steps.

Well, if you rolled it over to a Roth IRA where you manage it it might be better.But, if rates rise a little more, just pull from your retirement funds to cover. 

The Father works in construction project management consulting and can make about $5000 per month over the course of a year; however, it is cyclical and currently does not have a contract.

In Seattle lease renewal is mandatory unless the tenant decides to quit.

Travel Expenses: If you travel to your rental property for maintenance or management, those expenses may be deductible.4.

She has been doing property management in Jacksonville for years and can guide on MTR vs LTR and assets.