And I suspect their E and O will kick in if this money is lost  just sayin..

But the general public or one off investors starting out like yourself can call the customer service line and ask for a TRIO a Trio is a copy of the last recorded deed a copy of the assessors tax page and a plat map.. they will have it to you with in 2 to 3 minutes via e mail generally its just a couple of clicks for you.. 

Doesn't have to be in an LLC first of all.It can be a STR reported on schedule E for the year it was used as such.You may need a New CPA.

It’s been a great learning experience managing it, and now I’m preparing to do my first flip, God willing, within the next 3–4 months.I have a close friend who’s also an investor in my e-commerce business, and he’s expressed multiple times that he wants to invest in my next real estate project.

I’ve tried a few different options for leases over the years — from state association templates to PDF edits — but recently switched to managing mine through Baselane.What I like about it is that you can either:Generate a state-specific lease directly in the platform (it’s $10 per lease), orUpload your own lease and just use their built-in e-signature tool.That flexibility is nice because I already have a lease template I like, but I still get the convenience of secure e-signing, tenant record storage, and having everything tied to my rent collection system.If you’re just getting started and want something affordable without having to involve a lawyer every time, it’s a good middle ground — compliant, organized, and cheaper than most one-off legal form sites.

Welcome @Robert E.

You add on the fact that we see the same 100 billion $ handed over in a circle from one AI company to the next, all reporting it as revenue, the P/E ratio of the S&P500 is over 30 and that makes you wonder where corporate profits are supposed to go from here, inflation eating into consumers spending power - I would say @Collin Hays is right, brace for impact.Fortunatley, residential real estate is a relativley recession proof.

On schedule e, you should not list the same address or two separate properties. there's a great episode on tax smart real estate investors on this topic that goes into more detail. it's generally easier to qualify if you have one dedicated property to just short term rentals 

For 5 to 20 doors, pick one backbone and standardize around it: a PM-grade platform with portals, e-pay, maintenance, and reporting, paired with a simple owner dashboard.

A good starting point would be a usable chart of accounts (right out of the box) that closely follows the IRS's schedule E.