Actually need to decide if we move more of our cash position into Silver.2.  

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to, “Maintain to the Neighborhood”.Why is that important?

@Scott Green  nice position to be in.

If you're broke and want to maintain your dignity - then a side job.

Smart planning now can significantly reduce your tax burden — and even open up opportunities to give back to your tenants or community in meaningful, deductible ways.Common Tax Deductions for LandlordsThe IRS allows landlords to deduct most ordinary and necessary expenses related to managing and maintaining rental properties.

What complicated matters was that as a term of lease the condo association required the business renting the office below my condo to maintain renters insurance, which they did not.  

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to,, “Maintain to the Neighborhood”.Why is that important?

My goal is to build a small rental portfolio, starting from this first property.What would you recommend as the next move for someone in my position?

Hey Dee Dee,You’re doing the right thing stepping in — that’s not an easy position to be in, especially when family emotions are involved.

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to,, “Maintain to the Neighborhood”.Why is that important?