Also, remember: investor-type work (reading financials, market research) doesn’t count, but operational work does — so keep good logs with property, task, and hours.REP is one of the most audited areas in real estate, so I’d strongly recommend running all of this past a CPA who specializes in REP to make sure your hours and approach will hold up.

As you explore the world of real estate, remember that every step you take brings you closer to achieving your goals.

If I remember I wrote a check for $198,000 to the IRS and maybe like $89,000 to the State of CA.

So there's no way to really scream out the bad actors.I dealt with frequent evictions, people skipping out on leases, vandalism, and constant repairs due to the age and condition of the property.

It's helpful to remember that what is being taught in one jurisdiction may not fly in your area.

Also, remember that each entity filing a separate tax return generally needs its own subscription, but if entities are disregarded you can track multiple ones within a single account to save costs.

Remember your current insurance won’t cover you, that’s for a regular rental, not an STR. 

I remember being in the same spot, lots of excitement and a million things to learn.

(but please don't invest here it helps keep the prices lower for us locals lol)Just remember we are overall a working class city. 

Stephen Covey, you may remember Habit #2: “Begin with the End in Mind.”