Curious — in your work with real estate folks, what’s the #1 process you see them neglect until it starts costing them deals?

The seller’s story is that they’re an absentee owner who largely neglected the property, which is why it’s been sitting.  

Some were able to stay in their homes under new terms; others walked away with dignity and a fresh start, instead of an auction notice on their record.For communities, formerly distressed and neglected properties Lessons learned?

I’d look closely at:How the lease is drafted (to protect you if circumstances change).Making sure the financing structure covers the balloon while still leaving you positive cash flow.The tax side—depending on how it’s set up, you could end up with very different treatment on income and eventual resale.I’ve seen setups like this work well, but the details really matter.

My thought is to start off self managing in 2025 for bonus depreciation against my W2, and then switch in 2026 to MTR so my kids don't feel so neglected (kidding, not kidding :).My focus to start is tax strategy and taking losses against my W2, then with mid term it would be to avoid headache of turnover and focus on light cashflow and holding for appreciation.Was thinking Bradenton FL, PCB or Poconos, so i can reach all fairly quickly from the NE.How difficult is it to switch from STR to MTR and then what are the implications if i did a cost seg in year one and took bonus depreciation, then switched after those 1st year losses? 

Just scroll to the bottom of your listing link and you can see 4 places that are quite a bit nicer for under $1500.You are offering small 900sqft with an original kitchen, only ONE bathroom that is dated and has no counter space, an interior that is a mix of finishes and colors, tile ceiling, super basic light fixtures, no garage and a totally overgrown yard - all of that screams total neglect.

It passes to some people under some circumstances.

I enjoy taking something neglected and beat down, then turning into something shiny and new.

I enjoy taking something neglected and beat down, then turning into something shiny and new.

After that it's getting more consistent with posting to my social - helping flesh out neglected pieces of my SOI database and helping design the next generation plans for enhanced contact (for me to do).