My suggestion is you use one of the many web based property management systems that you can research online.

Depending on your other income, short-term vs. long-term strategies can have very different tax implications, and many people get into real estate investing precisely because of how it interacts with their overall financial picture.Since you guys are planning flips now and rentals later, the tax setup matters more than most people realize.For flips, the IRS treats everything as active income, not capital gains, so once you’re doing more than a deal or two a year, you’ll want an S Corp (or LLC taxed as one) to avoid paying more self-employment tax than you need to.

A 401k distribution would generally be treated as ordinary income in the year you take it, so the key is modeling how that interacts with real estate professional status and any accelerated depreciation.With 19 rentals in play, running projections both ways before making a move would probably give you a much clearer answer.I agree bringing in a CPA for this is a smart step.

But at the same time, I end up interacting with the business side quite a bit, especially when it comes to deal flow, systems, and communication between different roles.I’m also brushing against the passive side indirectly — mostly through investors who operate in both lanes and want cleaner systems around how opportunities are brought to them.So I’m definitely strongest in active, but with overlap into the first two categories because of how intertwined everything becomes when you’re working deals consistently.Great breakdown — curious to see where everyone else falls on this spectrum.

I'm sure there are other things different companies will have in place that could change your experience interacting with the PMC depending upon how they set it up, and that could effect who you decide to work with. 

It's not that a resident just becomes a number, rather that you can only retain so many interactions had in a day.Fair Housing is the main point that comes to mind, but I also think that a separate point that Brandon is making is to get in the habit of documenting everything.

The uglier the property, the less competition for it and hence, the lower the price.We've got an interactive map on our website that has color-coded the Classes of the 132 Metro Detroit Cities and 183 Detroit Neighborhoods to help investors understand where to invest.DM me if interested in chatting further...

Now, though, I have 25 years of data engineering and working with software engineering teams behind me, and these last 4 years I fiddled with modern open-source software like PostgreSQL for db, D3.js for interactive maps and analytics, CSS and SASS for elegance.

Quote from @Chris Seveney: Quote from @Jay Hinrichs: Quote from @Chris Seveney: There is no guru or course on the planet that can teach you real estate development in the span of days or weeksSomeone can teach your college level 101 stuff but I would love to see how these courses tell you how to interact with planning and zoning boards, how to negotiate proffers, how to deal with disgruntled neighbors and community members.

Took a break from expanding the portfolio to focus on solving some of the sourcing problems in this industry through web development.