QuickBooks handles the back end.We run accrual-based accounting for accuracy.Every repair, every utility, every insurance payment, every reimbursable expense, all posted cleanly with classes and tags.When tax season hits, we don’t panic.

Now I made an account to interact and help out others, see what I can learn as well! 

Even if you’re below market, offering flexible lease terms, a small move-in credit, or covering a portion of utilities can make your unit more appealing.

Your goal should be to find good quality professionals who you can rely on to make your investments grow and provide stability.Pick an area that you are familiar with where you have a competitive advantage - Think of an area where you travel often, went to school or grew up.I would invest in one property where the purpose to learn and how you interact with your network.

Also, don’t underestimate older duplex maintenance in that area like plumbing, roof, separate utilities, etc.If you’re open to other markets at all in the future, I’d recommend you take a look at Memphis.

Technically 7830 but I removed a $50 utility fee/unit which offsets single metered gas in the CF analysisPITI: $4613Phantom Cash Flow (Rents - PITI): ~$3000/monthActual Estimated CF: ~$1840/month assuming 3% vacancy, -350 for water/garbage (high because 4plex, and there is 6 bathrooms/4 laundry), $100/unit/month for repairs and turnover costs, $50/unit/month for CapExCash on cash return: 13%Yield on cost: 9%What made you interested in investing in this type of deal?

I also have temperature sensors to monitor the temperature in utility areas, etc to make sure we don't run into any issues.3.

If your numbers only work assuming future rent increases, it is probably a bad deal.Know exactly what is controlled and what is not.Many jurisdictions allow vacancy decontrol, pass-throughs for capital improvements, utility bill-backs, or tax increases.

Utilize checklists and capex estimators to capture essential information and assess the property's condition accurately.Take advantage of property tours to gather valuable insights and make informed decisions.

We handle a lot of studies nationwide.Since this is an STR, I assume you are looking to utilize bonus depreciation to offset active (W-2) income?