It simply means that if it is not paid, your eviction will not happen as soon as it normally would.

The house has had several bad roof leaks during heavy rain and the tenant simply tells me about it, but then they pay to have it fixed.

@Bhanu Kuna simply looking on this site is a good place to start, also just asking other investors in your area what agents they use is what I would do.

Once people rebound they will be looking for safer more stable alternatives and will be willing to accept lower returns in exchange for stability.

My post was to point out that owning/managing rental property is a job for many people and not simply passive income.

We wanted to live in Georgetown, which is where our church is.Next, I simply just needed to figure it out.

If the health crisis is short-lived (say 3 to 6 months), the economy should start to rebound in a reasonably short time.

While it is theoretically possible to simply withdraw/transfer only a certain percentage ownership of the property (e.g. 20% one year, 20% the next year etc) to spread out the tax burden, this means that you would own the property as a tenancy in common.

With very few exceptions on a large portfolio of properties, it simply does not make sense to turn passive income into self-employment income.

Alternatively is there a possibility of your sister simply keeping the house, using a HELOC to get her equity for her next place?