To be exact and accurate, the movement of funds is 100% transparent. 

It is important to have accurate underwriting to have an accurate estimate of the cash flow.  

- I have read that husband + wife time can be combined (I.e 50 hours each running simultaneously while we market / clean / set up accounts , etc etc)  - is this accurate?

This is a critical area the IRS closely reviews, so accurate documentation of hours, activities, and material participation is extremely important.Regarding income fluctuations, I recommend using the 110% safe harbor rule to ensure you avoid any underpayment penalties.

Someone mentioned that you can’t cost-seg the whole property if only one-third of it is being used as an STR, but I’m not sure that’s accurate.

This helps you get accurate costs and makes it much easier for subcontractors to follow without guesswork.

Personalized outreach always performs better, especially when it’s backed by accurate data and targeted lists.Handwritten letters + the right distress indicators = way higher response rates.Thanks for sharing your experience — posts like this help a lot of newer investors avoid expensive mistakes.

You can also pop off an outlet cover to see if the smell has reached the wall cavity, though that’s less common.These quick checks help you understand the real scope so you can budget accurately.

Even though the distance is small, the difference in location—and thus value—is very real.To summarize: if you are planning on doing a buy-rehab-rent-refinance scenario (BRRR) and you are purposely pushing your value higher using distant or less-accurate comps, understand that if you ever try to sell that property or calculate your true equity position, it may be much lower than what it appraised for.

Reconcile Every Bank, Credit Card, and Loan AccountIf your balances don’t match, your P&L and balance sheet won’t be accurate.