We started with a turnkey rental to learn the basics and build confidence, and now we’re beginning to explore more creative strategies, including seller financing, as we work toward adding our next property. 

Basically it comes down to whether the work affects the structure, systems of the home or how the home looks. 

Right now a lot of the PMS softwares have a very basic AI but I know many plan to implement a better one soon in the coming year.

Learn just enough to understand the basics of deals, financing, and operations without getting stuck in analysis mode.

If the lake is smaller then they might not be too popular if it is primarily a fishing lake.I would also add a general store with basics, bait, beer, food stuffs etc.

There are plenty of experienced investors here who are happy to talk things through.If you want, feel free to DM me with the basics of your situation.

Once you factor in typical reserves (5-8% vacancy, 5% maintenance, 5% cap-ex), you're basically breaking even or slightly negative cash flow.The real question is what's the $187k going to do for you?

Most people get obsessed with the big picture stuff but skip the basics - like actually calling leads back or tracking what's working vs what isn't.

If you only have one LLC and don’t need entity tracking, you could get a lower subscription and categorize your properties as ‘customers’, then units and tenants would be sub-customers.Simple Start would allow you to invoice your tenants (if desired through QBO) and produce basic reports. 

I prepared some popcorn, just in case.We start with basics and then proceed deeper into the woods.1.