Overall, it was a very eye opening experience for myself and I look forward to learning how to close deals with efficiency and effectiveness in the future.

Don't wait for the issue to arise once a contract has been signed and effective.

I did get two decent leads, and maybe a third but if it'll be at the expense of a complaint or worse, then I would have to surmise that it is best to not use this avenue.Funny thing is, in the voicemail, I clearly say something to the effect of, "but if you don't have any plans on selling then by all means just disregard this."

Think of it this way:If stabilized operations presume 5% physical vacancy, then if you could squeeze 2x the income from 5% of the units in the community, you could effectively "erase" the entire 5% vacancy.This is the second unit we furnished at Canyon 35.

(a) Any protected tenant may terminate his or her rental agreement for a dwelling unit by providing the landlord with a written notice of termination to be effective on a date stated in the notice that is at least 30 days after the landlord's receipt of the notice.

Of course, if you did refi, then yes it could take effect immediately - but you're paying hefty refi costs which make it a moot point to do that. 

So you have to deduct it from their rent and then threaten to evict them, which I also don't like decause when you start using that hammer a lot it looses its effectiveness too..  

I just think they're not as effective as 1031 for tax deferral. 

@Mary JayMary...I think you're focusing way too much on removing the rental activity from your 1040.If you're okay paying a higher effective tax rate on the rentals and materially higher professional fees each year, this is certainly achievable. 

Hey Jayson, Becoming an agent will have no effect on this, just purchase it with a formal sales agreement between you and your mom.