The rent is below market, and I’ve had ongoing issues with the tenant.I’m thinking about leasing it out for a different type of use — something more stable, long-term, and low-maintenance.

Who and how it is maintained is ultimately decided during the subdivision process.

Operating expenses look at the regular and ongoing costs incurred by a property on a monthly or yearly basis.

I need a comprehensive solution that can:• Track the property from the initial purchase through ongoing management• Record and categorize all rental expenses• Allow me to scan and store receipts digitally• Monitor additional costs associated with the properties• Track rental income and proceedsI would appreciate any recommendations or suggestions you might have. 

So far I've attended webinars for Grant Cardone, KRI Partners, Military to Millionaire, Active Duty Passive Income; just to name a few.According to the multi unit "seminars" I've been to, "buyins" begin at $50,000, there can always be a "call for cash", (another $50,000 to cover a shortfall) and ongoing drama.

We’d have boots-on-the-ground but was curious if anyone has any advice/insights on going with this strategy? 

I need a comprehensive solution that can:• Track the property from the initial purchase and closing cost, rehab through ongoing management• Record and categorize all rental expenses• Allow me to scan and store receipts digitally "very important"• Monitor additional costs associated with the properties• Track rental income and proceedsI would appreciate any recommendations or suggestions you might have.Thank you in advance for your help!

Everyone talks about the BRRRR method like it’s a formula — Buy, Rehab, Rent, Refinance, Repeat.
But after working with a lot of investors, I’ve noticed one thing that often gets overlooked:The “tax” side of BRRRR.
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Some agents might go lower for higher-priced homes or if you’re handling parts of the process yourself.If you’re selling at a loss, just be upfront with your agent so they can sometimes adjust the fee or find ways to offset costs while still marketing the property effectively.

Then I'll consider my upfront costs (due diligence, recording, loan boarding, etc) and ongoing costs (loan servicing) and back into a price.I don't sell often but if I do I want to sell to an institutional buyer.