Determine if the payout (post-deductible) would even be worth it.

Here are a few common mistakes startups make when purchasing an investment property:They calculate expected annual gross income based on 100% occupancy rates.Poor property management results in tenant turnover.High vacancy rates cause lost rent.The local rental sector is experiencing a downturn.High maintenance or repair costs eat into profits.Getting rental rate wrong—either not charging enough or charging too much.Before selling your rental property, it’s crucial to determine the reasons for lost rental income.

Hey Joe, I am coachable and determined!  

- How do you determine the appropriate rental rates for my property?

It’s critical to understand what your state allows, especially around occupancy limits and caregiver-to-resident ratios.

If you meet this first test, you are a REP...now determine if you can use the benefits of it.2) if you or your spouse meet test 1, THEN you can make an election to combine all your RENTAL activities together for purposes of determining if materially participate in your rental activities.  3) So you met test 1, made the election under #2 - now you see if you materially participate in your rental activities. 

Quote from @John Mason: Would be great if you tell the compensation for the hour:) It takes UNDER 3 minutes to determine if its a good deal, SIMPLE ALL IN, vs the comps, end of story.

However, if they are determined enough to look up one of your current LLC properties, then search every one of them and look at transfer history's until they find that one link, they are probably going to find you regardless.

Is there a good calculator to determine whether it is financially better to rent it or sell it?

Hi Biggerpockets community, I’ve been hooked to real estate investment lately and determined to buy the first property in the next 6 months.