Once you have a process in place and the right accounts tagged (and use “Classes” to differentiate each property), it should be pretty straightforward with just two properties.One option is booking the PM data on a one-month lag depending on when you get their reports.

Funny it is not possible for me to tag you.

📲Tag a real estate investor who NEEDS to be in this room!

(Obviously, positioning it as a "room for rent" will come with a lower price tag since folks would be expecting a private room, not a private unit.)Eventually we will pursue full conversion of the rec room into its own unit through SB9, but that will take quite a bit more time and money.

I tagged both of them in a comment, congratulated them on their success here, and asked them to share about their properties and performance here.  

I think they may be able to speak to all aspects of your scenario.In regards to MTR, you can always start marketing it on Furnished Finder with the professional unfurnished photos, tag in the headline "furniture coming soon" and block the calendar for the dates you would need for furnishing.

I am fine just going forward on trust because theses are close friends but if we can have some form of TIC agreement without risking losing the ability to 1031 upon sale, I would like to get that in place.Thanks for your input, @Bill B. and for tagging me. 

Assume your tag line Tallahassee, FL.2. 

If your bank doesn’t, tools like Relay Bank or Novo (both online banks) are designed with Profit First in mind.Bookkeeping software: QuickBooks Online and Stessa won’t split deposits automatically, but they make it easy to tag and reconcile when paired with a bank that handles auto-splits.Rule of thumb: Taxes and reserves are the two categories most people underfund.

@Jim Berman @Dillan Cooper thank you so much for the kind words, I really appreciate you tagging me in on this one.