from a tax perspective, it's more tax efficient to put the notes into a Roth or Ira.

I work with a lending company that helps investors structure deals efficiently, and it’s amazing how much smoother things go with the right support.

Beautiful 3 Bed, 2 Bath Home with 2-Car Garage, Luxurious Vinyl Plank Flooring, Plush Carpet, Elegant Granite Countertops, Energy-Efficient Stainless Steel Appliances.

This approach made the process efficient and ensured I stayed on track with my spending goals.

When executed properly, it should be a very smooth and efficient process. 

Any recommendations on the most efficient way to track your time when classified as a real estate professional?

Minimizing turnovers by using long-term leasing, and an efficient turnover maintenance crew helps immensely.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.

Quote from @Rereloluwa Fatunmbi: Quote from @Benjamin Louie: @Rereloluwa Fatunmbi Purchase Price: $195,000Units: 1/1, 1/1, 2/1, StudioStabilized Rent: $3,165/moEstimated Monthly Expenses:Mortgage (DSCR, ~80% LTV, 5.5%, 30 yrs): ~$1,100Property Taxes: ~$200 (check exact amount, NE Ohio usually lower)Insurance: ~$100Utilities (wrap for single meter): ~$200–$250 (budgeting high)Maintenance / CapEx Reserve: ~$250Vacancy (5%): ~$160Total Monthly Expenses: ~$2,010–$2,060Projected Cash Flow:Stabilized Rent $3,165 – Expenses $2,060 ≈ $1,105/moNotes:Utilities can be lower or higher depending on efficiency and tenant behavior.Maintenance includes minor repairs and small updates; major items (roof, HVAC, plumbing) would be separate capex.Vacancy may fluctuate; 5% is a conservative estimate for this area.If you wrap utilities into rent, you might lose a bit on the 2/1 and studio, but it keeps things simple.Takeaways:Even with conservative budgeting, the deal looks solid for cash flow.DSCR loan works here since your actual income isn’t needed for qualification, but check prepayment penalties if you plan to refinance.Consider documenting all systems and unit conditions for future resale or refinance.

I work with a lending company that helps investors structure deals efficiently, so feel free to connect if you want to explore alternative strategies for closing similar deals in the future