That's an awesome strategy and great future goals!

If you provide it you are responsible to repair it, the fact that the washer and dryer were there when they moved in would lead me to lean towards a you should provide laundry services answer, however you may want to switch out to coin laundry or submeter the water for the future anyway.

However, when I was filling my taxes last week, my CPA (future former CPA) didn't know much about how to apply this exclusion on my taxes because it was a rental by the time I sold the property.

The current tenants will appreciate it unless its a long drawn out rehab, and it will be done already for when they leave and lessen the future turnover.

Even if nothing "wrong", it gives you an idea of where any vulnerabilities are as the future unfolds.

I agree with Jeffrey's post, it will create a double layer if you run into litigation issues in the future.

as a new investor I would probably stay more local just because I know nothing about your area, but if the market is that good it can't hurt to run some numbers for future I will message you with my info

@Mike Taravella, in future, you'll be better served by being less in a hurry to buy anything that comes on the market just because you can afford it, and more focused on buying bargains - even if you have to wait to pounce.

That portion could go towards providing future liquidity and/or buying additional assets.

If you see what went wrong and take much more care in the future with tenant screening, this will be your "high water mark" for bad experiences.