One effective way to manage receipts and bills for multiple properties is to implement a digital expense tracking system.

This is good to know, however, vague, and hard to implement it.

Then, when they're ready to move in, they could convert it to a residence and remodel the house to fit their needs.I hope @Dave Foster and others can provide specifics on implementing this approach, especially when it comes to the long tax arm of California.

Often times, having a license ties your hands and keeps you from implementing many investor strategies.

.🧾 Sample Lease Language for RUBSIf you’re considering implementing RUBS at your property, it’s important to have clear lease language.

Implementing the proper legal and financial structures can help shield your personal wealth, reduce your exposure to litigation, and limit access for potential creditors.

I’m leaning toward value-add or light fixer-uppers, something where I can force some appreciation and possibly implement a BRRRR strategy.My price range is around $150K–$250K, depending on the deal and market.

Hi Bridgette, I actually just purchased a home recently and am implementing a similar strategy, living in the english basement and AirBnBing the upstairs.

I am considering utilizing a HELOC for the down payment, which would also enable me to implement immediate rent increases to bring rates in line with market values.

That is why they are trying to implement a subject-to financing strategy to purchase the home.