It would be one thing if they had a major medical condition that could be cured with a sizeable inheritance.

The concerns that have been expressed regarding your lack of landlording experience should be taken to heart, though you could readily argue that's what you're paying your professional management team to do.

Live and learn.Also, think of it this way....if this person is smart enough to know that "EVERYBODY CHARGES WHATEVER THEY WANT TO CHARGE", then that sends up a red flag in my eyes....she is a professional tenant.

Or, if you had 10k passive loss year 1, and 7k passive gain year 2, you could deduct 3k loss from earned income year 1, and year 2 would be a wash.There are other ways to create unlimited passive losses against ordinary income, however you need to be a real estate professional (as described and recognized by the IRS) which means you have to meet two requirements: 1. you spend 750 hours per year minimum on your real estate business, and 2.

check out companies that gather these leads and sell them to real estate professionals like you.

A lot of it had to do with marketing to the MCM, things such as "concierge medical plans", "shared vacation homes", "shared Winnebagos" etc, which really doesn't interest me.But a lot of it had to do with the mindset that got these MCM where they are today.

On his lease it says that if he doesnt have it professionally cleaned that will be taken out of the deposit.

.- 3,1 - 986 sq ft - Built in 1940 - Rougher Side of Houston, but NOT a warzone, in fact this street is more of an elderly neighborhood, This house is close to MANY of Houston's attractions (downtown, reliant stadium, minute maid park, the Toyota center, Texas medical center, museum district, and about 4 Universities)After my due diligence we came up with the following numbers.- ARV = $82,500 (which was conservative, recent comps for smaller houses came back slightly higher)- Repairs needed = Around $10,000 for rental - (Needs central air, some rotten board on the outside, some doors/sheetrock repair, and painting)We wanted to try to start out with a $10,000 assignment fee to split between us and work our way down depending on what they would take as an offer.

Are there any experienced/reputable professionals (lawyers/realtors/brokers, etc) on this forum that live in Nicaragua?

Very professional. 816 228 9667