@Sunoo Bertsch - The administrative items can be a burden as your portfolio grows, but for me the more stress was having reliable contractors for maintenance and repairs and managing the schedules around that - essentially making sure the contractors go at a time when the tenant is home and available. 

Thanks in advance for your help.   I have 2 investment loan options for a property I’m under contract for at $117k “as is” property, the ARV is $175k, and the rent should be $1700-$2k. Loan 1 is with a local lender 5 ...

This community is an incredible resource, and I’m excited to learn, grow, and contribute.

Almost 14 years ago, I got started in real estate with lease options, live-in flips, and wholesaling while I was still on active duty.
From there, it turned into the classic “buy as I move” path. I picked up rentals ...

What’s up BiggerPockets community 👋
My name is Tyler Brown and I’m a Realtor based out of St. Louis, MO. I’ve been a licensed agent for 3 years now, primarily working with buyers and sellers throughout the STL market...

Fantastic to hear that you decided to switch from renting to owning it really is the true path to growing your net worth!  

@Preeti Kumar, Your biggest challenge is to grow the portfolio to replace a very sizeable W2.

Xero, for instance, is much less common than QBO, and not every CPA will be comfortable with it.

For instance, the insurance could specify that if it rains .04" per hour or more for more than 4 hours during daylight hours for more than 2 days (meaning it's now raining for a 3rd day), the cost of the trip would be refunded to the guest, and the guest will still be allowed to stay for the remainder of it. 

In short, Form 4797 doesn't need to be filed in this instance.