We've had it since 2020 and have been renting the front two water view units as STRs and the rear studio as MTR.

If they want to move forward, we first advise them that if they are approved, we will need the deposit in certified check or money order only within two business days; and pro-rated rent prior to turning over keys by similar method (Once they move in, we have other payment options available).

We put a two week funding approval clause in our contracts that allows some time to market the deal, as well as give us time to renegotiate if there's a lien or title problem that was not disclosed to us from the seller.

My plan is to move, carry both mortgages, put about $10-15K into my current property over the next month or two, and then sell it.

I've listed two properties on FB marketplace and have gotten hundreds of inquiries each time. 

Jaclynn -Thanks for the detailed question and happy to help.Here's some information which I hope will be of assistance:To qualify as a "Real Estate Professional" (REP) for tax purposes, you generally need to meet two main criteria:a.

The disparity between the two should be even more stark in 2024, with the possibility for apartment rents to be negative.

Attend every REI event available within a hour or two of your home. 2. 

My wife and I inherited two properties, one in GA and one in NC.

As for financials, if you invest out of state, I would suggest you factor in at least an annual trip, if not two, to the market simply to check in.