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.

@Dalton Foote It appears that property meld is for maintenance workflow and is not a tool designed for full service property management (marketing units, resident applications, screening, showing units, rent payments, lease management, e-signatures, bookkeeping, and maintenance workflow).

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.. 

That may apply to personal deductions (like mortgage interest), but rental expenses (repairs, depreciation, etc.) are taken on Schedule E and are not affected by whether you itemize or take the standard deduction.

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.

They have not sent the funds and no one is responding to e-mail or messages left with Sean Richway or Justin Stastny my loan rep. 

The real change is tax characterization: a hotel-style operation is typically reported on Schedule C and can be subject to self-employment tax, while a true STR without substantial services is usually reported on Schedule E and is not subject to self-employment tax.

You can easily tag each transaction using categories that synch to your Schedule E for tax time.

Hi Tanner,Definitely find an accountant because its more complicated to file when you are living in the property (knowing what percentage of what expenses you can put on the sch E) and such unless you are already very clear on what to do there. 

Here’s a quick shortlist that fits your needs (3 doors):Stessa - built for small portfolios; auto-tracks income/expenses and lets you scan receipts via the mobile app.Hemlane - end-to-end PM: leasing, online rent, maintenance, accounting; good if you want workflows plus optional local agent help. hemlane.comBuildium - more robust if you plan to scale; solid accounting and document storage/e-sign for leases and notices.DoorLoop - all-in-one with straightforward pricing as you add units.