Hello BP Family,I just started managing my first investment property, and I cannot find the answer to how to handle holdover tenants and new tenant leases?

Hi, I'd like to start looking into some turnkey companies that specialise in residential properties nation-wide and preferably ones that handle everything.

I figured after someone helps me with one I could probably handle setting any future ones up myself.

Not sure how CA handles it, but for example signing a new deed, of any kind, today won't help since that will screw up your "seller's" tax reporting, even though that was years ago. 

@Daniel Amram I am not sure what market you are in but how we handle both downleg (property you are selling) and your potential upleg is through contract negotiations.

In a few months I’ll be living with family and paying $0 rent, which will boost my savings by over $2000 a month, though eventually I’ll want my own space - I’ll probably house hack, once I’ve picked an area I’d like to live in for a few years.What I’m not sure on is, how I should handle financing my first (and subsequent) property purchases.

Tell them you can't afford to keep rents that low and ask if they're willing/capable of handling a major bump or if they're willing to move out.

Tell them to be out no later than midnight on [DATE], where to turn in keys, and how you'll handle the deposit.

If so, can they handle an increase or should you terminate their lease and start fresh with tenants you've selected?

Basically the IRS doesn't even see that the property is in an LLC since it would be reported exactly the same way on our personal taxes.This all changes if you own or plan to own one of the properties with someone other than your spouse.Again, I suggest you speak with your CPA and your 1031 Qualifies Intermediary to get the professionals guidance since they are the one that will be handling your tax paperwork.