They take care of small issues themselves and don't need their hands held and seem to want to take ownership somewhat of where they live and don't want to let it fall apart.

Most deals that flip to rentals are typically held in cash to begin with, or they have such a solid amount of equity that they can refi and then rent it out.

So while the tax break is nice, it means you lost money.https://www.irs.gov/pub/irs-pdf/p527.pdfYou can also deduct depreciation of real property, including rental property, as long as it is held for more than one year (see Pg 5 of the last link above).

Quote from @James McGovern: What I find misleading in these discussions are1. should pm be held responsible for choosing a bad tenant and any associated eviction expenses 2. what is a reasonable markup on top of whatever a contractor charges3. what reports should landlords receive on at least a monthly basis4. how frequently should a pm put eyes on the property 5. should a pm be held liable for vacanciesI'll play:)1) Only if:- They don't follow their own procedures- The owner doesn't pressure them about the length of vacancy, forcing bad decisions.- Also depends on if Class A, B, C or D property, which impacts probability of default no matter what PMC does.2) Negotiable, but most PMC's charge an hourly rate, which includes their markup.

I know on my new builds that are 700 to 1 mil I get 10 to 20k and normally its just held in escrow. it is non refundable once we start putting in custom colors etc.

A select few opt for $2M or more according to their personal risk tolerance. 

Sometimes personal goals will outweigh overall return.Using 1031 exchanges allows you to keep deferring capital gains tax and using it for your growth and benefit.

If banks were hesitant, did you personally guarantee the loan and then document a loan to your LLC with a promissory note?

Will admit the calculations shared on how debit is supported seemed a bit complex and hocus-pocus numbers.)So in 2025 (lets say 2026,) what are the best ways to for landlords to step back from being a maintenance person without getting beat up in the process?

I personally think I could have a lot of interest in managing short-term rentals, and the tax benefit would help.