These types of interests are typically not insurable, which is why the quitclaim deed is used. 

For those considering the Caribbean, the USVI offers the same fee simple ownership as the mainland, thus reducing risk. 

I keep all my real estate Investments in Kentucky. 7% or more is the norm for single family residential while in California you most likely land around 3%-3.5% cashflow, you're not even close to cover the interest rate.Definitely check out Midwest states, they offer low entry point and stable rental market.

Hi Ashlee, I'm just wondering if this is one of those scenarios when it's time to offer a tenant "Cash for Keys".

David,Why sell if its a future retirement that will offer equity/cash flow.

Self-Management:Pros: Saves money, offers control, and builds tenant relationships.Cons: Time-consuming, stressful, and needs expertise.Hiring a Property Manager:Pros: Saves time, provides professional expertise, and market insights.Cons: Costs money, less control, and finding a good manager can be tough.What about you?

Every problem offers us opportunities.  

At a 66% LTV, they're offering me 7.5% interest and $245k out.

Wells Fargo wants the 70K from his mortgage deferment during covid which is the reason he is in this mess.A bridge loan means you have a home currently listed for sale on MLS and while you wait for it to sell another bank offers you the cash based on your mortgage payoff and profit.

The tax treatment of replacing HVAC systems depends on various factors, including the type of property (residential or commercial), the cost of the systems, and whether they qualify for immediate expensing or need to be depreciated over time.For residential properties, the cost of replacing HVAC systems is typically considered a capital improvement rather than a repair.