Hi Melanie,Thank you so much for the recommendation!

Do you have any recommendations for someone in a competitive market?

Was there any remediation required and was it done?

We learned the importance of precise budgeting, as the $35,619 renovation required careful oversight.

Rehabs are hard and cam the sewer Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@Heather Little short answer it depends.Longer answer: Section 469 requires that you meet both the 750 hours and more than 50% test (sounds like you are aware of this).

We learned the importance of precise budgeting, as the $67,150 renovation required careful oversight.

I am open to properties that may require minimal renovations if the deal aligns with my investment criteria.My long-term plan is to scale my portfolio deliberately, ideally acquiring multiple properties within the next 1-2 years.

For example, if it was a ten year lease starting in 2017, then you would need to honor it through 2027 - if there was also tenant options to renew then those also would need to be required to be honored.

I did this a few years ago and it still looks good as new, but I recently read that its not recommended to use fix-it-all on the exterior of the home because it can absorb the moisture in the air and further rot the wood.