It’s much cheaper to keep a tenant happy with a quiet, functional unit than it is to pay for a turnover because you prioritized fancy tile over solid HVAC.

But in spite of the handful of drawbacks, the software is so good at its core functionality - bookkeeping and accounting for real estate - that there's simply no reason to use anything else. 

What caused you to need QB rather than using Buildium's accounting functionality? 

What ultimately worked was removing a door and opening up one of the bedrooms so it functioned more like a living space — that allowed the property to be viewed as a standard single-family rental.

STRs are more regulated, LTRs are predictable but slow, and MTRs hit the sweet spot:-Steady cash flow without daily turnover-Professional tenants (corporates, nurses, relocations)-Flexibility for scalingThat said, it only works if you:-Know your tenant type-Furnish for function, not style-Price monthly, not nightlyFor those running MTRs: are you seeing the same benefits?

Princeton, on the other hand, functions more as a commuter hub within the Metroplex where residents travel to nearby cities for work.

The main part of the BRRRR is the "Repeat" function since you aren't really going to see a ton of income if you own 1 or 2 properties, BRRRR is a portfolio building tool.

Please give me all your advice  With ~$5k, you’re not really in a position to buy or flip out of state yet — that amount functions better as education, positioning, or partnership capital, not acquisition capital.Trying to flip or BRRRR remotely with limited reserves usually fails not because the idea is bad, but because there’s no margin for rehab overruns, appraisal gaps, or timing risk.If real estate is the goal, a safer progression I’ve seen work is:Use this phase to learn underwriting and deal analysis deeplyBuild local relationships in one target market (agents, property managers, lenders)Decide whether you want to be an operator or a capital partner before picking a strategyOnce you know which role you’re playing and have reserves behind it, the out-of-state question becomes much easier to answer.

Cosmetic upgrades mostly protect value, they don’t create much of it.Paint, flooring, fixtures, and minor kitchen/bath refreshes help:Shorten days on marketReduce buyer or lender objectionsSupport top-of-range compsBut on their own, they typically don’t produce a meaningful appraisal jump unless they correct functional obsolescence.2.

I'm far from tech-savvy, I think when I set it up, I needed to run it through a PMS to make it work, however, that may have been a function of having 2 properties instead of 1.