My issues are simple: a huge lack of communication and timely responses to my inquiries... whether via emails or voicemails.

Early focus should be clean ops and risk control: strong lease, proper disclosures, solid insurance plus an umbrella, and fixing safety issues fast.

If your spouse doesn’t work full-time, there’s a chance they could potentially meet the requirements instead.There is plenty of information on BiggerPockets if you want to dive deeper into what’s needed to achieve REPS and what the benefits are.Your CPA is pointing you in the right direction: the key issue isn’t just depreciation on its own, it’s how all of your real estate deductions and losses interact with your income.

Try owners that are self managing and having issues filling their units - Try to convince them to allow you to lease and once you have that relationship you can move towards full management. 

Any issues that you've experienced so far?

Please let me know if I have understood the issue here or if I've missed something, and we'll focus on smaller deals until syndication makes more sense for us. 

No major structural issues.

The only negative is when a tenant cause issue arises they can’t pay for the repair.

@Karla SosaWe use AppFolio and overall, we’ve been really happy with it.What we like:Super easy listing and background verification processACH payments make rent collection smoothBuilt-in CRM for handling maintenance ticketsTenant messaging option (so we don’t have to give out our personal phone numbers)If you have the budget, their Smart Maintenance feature is worth checking out — it routes tenant calls through a call center and sends notifications to you, which really cuts down on handling small tenant issues yourself.What could be better:The accounting side could use improvement.

What do you have in reserves to cover mortgage payments in case of unforseen issues?