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Your experience and mindset are key ingredients for success—wishing you the best as you launch your business!

Here is some month end numbers after I switched PMs:Rental Income: $6743Owner held security deposits: $2300Total income: $9043Expenses: $1846.44Net income: $7225.31**in a category he calls "other items : $2300 security deposits, $250 prepaid rents, -$4630 owner payout, added together: -1180Net income: $7225.31Other items: -$1180Cash flow: $6045now here comes another fun entry:he takes Cash flow ($6045) , subtracts out the security deposits, again to arrive at $2845, which he labels "Actual cash flow" (what?)

You may want to do it first on your own and learn the ropes before expanding the concept amonsgst three households.You normally need 3 ingredients to make a sucessful partnership - Money, Experience and time.It looks like money is covered.

Putting the right team in place from the beginning can save you time, money, and stress down the road.If you plan to do house flips, you should structure them carefully to avoid being labeled as a "dealer" by the IRS.

Still, I didn't take on the offers because I realized that if I labeled myself as a "short-term/mid-term rental accommodation manager," I wouldn't have to operate as a property manager.

Time is the #1 ingredient in a long-term investor's success. 

We also do not know if they were dealing with easy street or dealing with a broker who was white labeling it or managing the process-  what I have found is there are a lot of brokers who go to the larger players and they are not skilled, so it creates a lengthy, time confusing process.

For cleaners and handymen, keep it visual and simple: step-by-step checklists, labeled photos, and clear expectations.

It’s been on the market for a little over 2 weeks, and while the listing has gotten a lot of traffic and showings (even labeled a “Hot Home” on Zillow), we haven’t received any offers yet.The home has been extensively upgraded and shows beautifully.