Long-term wealth building through appreciation usually outperforms immediate cash flow only when you have the scale and flexibility to leverage tax efficiency, because tax efficiency compounds wealth faster than monthly income. even High cash flow properties often do not create taxable income because of depreciation.

Our accountant is great and very competent in QB I'm just trying to get us as efficient as possible... sounds like we may be already, I just hate double handling data that could be streamlined.

This structure allowed Billy and Traci to focus on managing the renovation efficiently while Partner Driven handled the financial backing and support from start to finish.

20 Questions to Ask When Vetting a Property Management Company: Processes13 Questions to Ask to a PMC: Communication and Documentation24 Questions to Ask When Evaluating a Property Management Contract

Additionally, the dialer is efficient.

Make sure you document every lease violation, missed payment, and communication with the tenant—it’ll really help your case.

heheI miss the Midwest's "simple" mentality of my common folks.Even tho, as you mentioned the weather can get brutal.It's always a tough gig to do deals from afar unless buying turnkey.Even then, turnkey is not worth it unless the portfolio is big.As soon as you can, move to the market you want to invest in and with time you might become "institutionalized" to it just like I did with Toledo hahaI put Ohio Cashflow on the back burner 3 years ago as I got burnt out on working with investors lolWe only sell from time to time to our existing book of business and if I like the specific investor hahaI list most deals on the MLS and once sold, I clean my hands.No need to babysit the never satisfied and disgruntled landlords expecting retirement from 1 turnkey property...Unfortunately, it is what it is and I ate $#@% for many years before I said enough is enough heheOz Realty has been the bread and butter for us and our main focus since we shifted focus.Crazy that I'm even typing this as I hated PM for many years and considered it just as the "necessary evil" in order to offer a turnkey product.Now, if I could turn back time, I'd never do turnkey and would only do PM hehe.Everything happens for a reason mate.Granted, it took 7+ years to create a lean and efficient PM machine heheI'm in Toledo every month for 7-10 days so feel free to hit me up whenever you are in town.All the best mate 🙏 @Engelo Rumora , haha, a new book would be valid for sure, as things do change fast in this world, looking forward to it. 

Keeping detailed logs of time spent on leasing, managing repairs, tenant communications, and any other active property management tasks is key.

When you’re evaluating a tax professional, look for someone who takes the time to properly review your situation, plan ahead, and communicate realistic timelines.

And when things go south, communication often becomes nothing more than terse statements “approved” by the sponsor’s legal counsel.