In theory, a software like turbotax can do a tax return so long as you get the correct version.The more complicated your return, the higher version of the software that you need.I think turbotax is great if you have a simple tax return.I.E.

This is one of those little logistics questions that doesn’tshow up in the Instagram version of remote STR management but definitely needs a solid plan.A few options I’ve seen work well for out-of-state owners:Use a local cleaner or handyman as your delivery pointIf you’ve already got someone reliable on the ground, you can ship supplies directly to their address, and they’ll bring them over during turnovers.

The most simple and basic answer is State law decides.A longer version is, everything requires maintenance; roads, sidewalks, landscape etc.

I recently finished a beta version of a small multifamily deal analyzer (1–5 units) that I thought this community might find useful.The focus was on making it simple and dynamic:- All assumptions go into the blue input cells.- Returns like IRR, cash-on-cash ROI, and equity multiple update instantly.- No need to adjust formulas — it’s plug-and-play.I’m currently sharing the lite version with a handful of investors to get feedback before rolling out the full release.If you’d like to test it out (and give me feedback so I can refine it), feel free to reply here or message me directly.Question for the group: What features do you find most important in a deal analyzer? 

.– Felix Short version of this chatgpt post - Its financing. who you get it from really does not matter, as long as you can get it if you need it.

The real levers are:Making sure every legit business cost is captured (interest, points, utilities during rehab, mileage, tools, insurance, education, % of home office, etc.).Looking at entity structure (often an S-corp once profits are consistent) andPlanning ahead for next year with things like a solo 401(k) when you know you’ll have flip income.Short version: tighten up your write-offs now, pay what you owe this year, and use this as the baseline to build a more tax-efficient setup before your next round of deals.

Typically we do this with scanned versions and not send the original unless its an institutional client that also ahs a custodian and get bailee letter.

But if your current interest rate is low, you might consider a second-position HELOC just for the renovation/down payment money — especially if you plan to refinance later when rates drop.If you sell instead, it’s simple — no debt juggling — but you’ll lose the chance to hang on to a property that could cash flow and appreciate long term.Here’s my quick example:Say your house is worth $300K and you owe $150K — that’s $150K equity.Sell: maybe walk away with $135K after closing.Cash-out refi to 75% LTV: new loan about $225K, gives you roughly $75K cash out after payoff and fees — enough to update your current place and put down 10–15% on the next one.If your current home rents well after the upgrade, that’s the smarter long game.If not, selling might be cleaner — take the win, roll it forward, and buy the bigger place plus a rental later when you’re not juggling two moves and four kids.You’re thinking like an investor already, though — run both versions in a simple spreadsheet and see which one gets you closer to your cash flow or portfolio goal; Ryan, I really hope this helps you a bit, I sent you a DM on BP... it's one of the reasons I do this, I hope you can assist.

This is the cleanest version of “buy the asset, not the problem.”If you accept the risk, add guardrails:Escrow holdback at closing large enough to cover X months of payments + legal + turn.

I have been trying to figure out which works best before buying my first property.This is what I observe:Excel spreadsheets - free but time consumingQuickBooks - $30/month but too complexStessa - free version is good enough but runs out of steam soonOther landlord software - from $20-40/month with mixed reviewsWhat's irking me is that the majority of these tools either make you feel like a huge property management company or as if you're not very tech-savvy.