I just want to make sure I’m setting things up right and avoiding major issues down the road. 

Whatever you decide, put it in writing, keep it time-limited, and apply policies consistently to avoid future issues.Whatever you do, keep it in writing, apply your policy consistently across tenants going forward to avoid fair‑housing issues, and be clear that the new terms are conditional and time‑limited, not an open‑ended permanent rent cut.

As a starting point, I built what I think of as a balanced lens — not optimized for max cash flow or pure appreciation, but something that tolerates tradeoffs and avoids extremes.The idea was to compare cities relative to one another, rather than arguing whether a single metric is “good” or “bad” in absolute terms.The dimensions I ended up looking at were things like:Home prices relative to national normsRent affordability (rent vs income)Employment diversityLiquidity indicators (days on market, inventory)Structural friction (e.g. landlord-friendly vs tenant-friendly states)Everything is scored relative to the set of cities being compared, and then stack-ranked.

You can avoid commissions, capital gains, and any risk of the market softening.

+1 for avoiding corporate structures on the first one. 

An owner cannot avoid liability by asking tenants to sign an agreement that they accept the presence of lead paint.

Quote from @Ricardo Vergara: Hi, I am here to learn as much as I can to get in to real estate investing, and avoid making unnecessary mistakes along the way.

@Mike SmithHey Mike, congrats on paying off that rental and great strategy to avoid taxes on it, and Dave hit on some really good points above.From the 1031 side, the biggest thing (and I think I saw someone else mention it above) is just making sure you’re working with a solid qualified intermediary and that your replacement property (or properties) are identified correctly.

So, we avoid this by using the customer feature.

His crony Hatti Day is the “real estate manager” of the property and actively avoids addressing any of the lies she makes related to the unit.