I am going to have my tenant pay rent online directly into my new checking account.

Even if your pay is just experience it can be worth it.

Now, you need to figure out how to find deals and pay for them.

However, as mentioned, we’d be happy to send our team out for extra service to relieve any concern!

A more likely scenario is you will be a landlord with a tenant, and you will be responsible for the upkeep on the rental as well as your own unit Then when your renter moves out or you evict the renter for non payment of rent you will need to pay to have the unit turned unless you can do this type of work yourself.

Be careful when doing business with family unless you are paying full retail value for their work.

As of 2024, the bonus depreciation is 60% (subject to change pending the passing of laws) which allows you to immediately depreciate 60% of the asset’s cost.1031 ExchangeA 1031 exchange is a tax-savings strategy that allows investors to postpone paying capital gains taxes upon the sale of an investment property by reinvesting the proceeds through the purchase of another property (i.e. a like-kind exchange).

Regardless, I would highly recommend paying the extra few bucks other insurance companies charge and go with an Insurance provider that gets you what you need when you need it.  

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

If not, the extra yield is not worth it.