The primary advantage is that it automatically applies deposits into the checking account to loan principal.

(You want that outside the liability limit if possible.)Does the policy automatically extend to future properties or do you have to call each time you add one?

If the property was your primary home for part of the year, that portion just needs to be treated as personal use, but it doesn’t automatically disqualify you from the short-term rental (STR) loophole.As long as you materially participate (handle management, cleaning, guest communication, etc.) and the average stay is under 7 days, you can usually still classify the rental portion as an active business activity.

That way, the software becomes the 'bad guy' but also, it's consistent and automatic. 

After the first year my leases automatically change to month to month with a 60 day notice as mandated by local law.

I built a software system that automatically scans active listings in the Columbia, SC area every week, analyzes them, ranks them by cash flow/cash-on-cash return/DSCR, and emails me the results.

@Parris Taylor if you don't have a plan to succeed, you automatically default to a plan to fail:(

It won’t automatically kill your next loan, but it does count against you.A couple of alternatives:Roll into a HELOC or home equity loan (if you’ve got equity).

As a small landlord owning just a handful of rental properties, I never faced this situation before: tenants (a family of 5) are divorcing.We already passed the original 12-month lease renewal date, and we are in the automatic month-to-month right now as the original lease stated.

Most software will also:- Automatically send prospects reminders to confirm showings- Allow calendar blocking to contol/limit when showings can be scheduled- Connect other calendars to theirs2) Self-Showings: becoming more popular as more efficient.