I actually am looking at RI properties and the multi families are really moving so quickly you have to make quick decisions because they leave the market in a few days.

@Bryce Kennebeck not sure how moving to an LLC impacts your ability to take the primary residence tax benefit.

Purchase price: $180,000 Cash invested: $5,000 Bought it as a primary residence, moved out of it after a few years, and converted it to a rental property.

We used to live upstairs but we moved and now the upstairs is vacant.

On average, 80 people move into Columbus weekly.

I do real estate cause i had 1 house and moved to another house.

Your college student may have to pay a higher-than-market rate, but what equity opportunities are possible after 4 years PLUS turning it into a full rental after they move on?

You could also look at interest rates and monetary supply, interest rates probably are not going anywhere until monetary supply comes down - but in speaking with some banks they are losing money month over month on deposits which really hurts banks.So a lot of moving parts in the economy, all I will say is people need to understand what happens if things get better or get worse.

Verify their license, company name, etc. and ask them how to move forward. 

For example, if you must make repairs after a tenant moves out, you still depreciate the rental property during the time it isn’t available for rent.Vacant rental propertyIf you hold property for rental purposes, you may be able to deduct your ordinary and necessary expenses (including depreciation) for managing, conserving, or maintaining the property while the property is vacant.