Instead, I should:Record the net rent (gross rent minus PM fees and expenses) as income in QBO.Log any additional expenses I directly pay, such as mortgage payments, insurance, property taxes, and other business-related costs like gas for business travel, meals, business licenses, and office supplies.Does this approach align with the correct practice of differentiating property accounting from corporate accounting?

W2 is already maxed out for my position and about 30% of my rentals Gross income goes too PM and 3rd party cleaners.

As a new investor I am working to find the right balance of allocation towards Vacancy, Capex, Emergency, etc. I currently sit anywhere in between 6-8%. I like to be aggressive with these numbers as cash flow is not m...

Here is my situation:- I'm a W2 employee that earns north of $500k a year- My wife is a stay-at-home-spouse- I'm looking to buy ~ $1,000,000 in STR Real Estate by the end of the year (as an investment and to offset my tax bill)I'm fairly well versed in the rules surrounding using STR to offset active income.

Stop the blaming game and the scarcity mindset, there are plenty of deals to go around. good all around post.. only thing I slightly disagree with is having your agent look at every deal your looking at.. that would have the agent bogged down with busy work.. the investor should know what a deal is by just the big numbers.. they dont need to run calculators on simple rentals use 50% of gross income for expenses to start.. if you do better fine .. but if it does not cut it 50% or a little lower then its no go .. and on to the next.. 

When have you ever had a interaction with a government employee and thought to yourself, "wow, that was a great experience."

These babies bring in over 85k Gross and 72k Lessons learned?

These babies bring in over 85k Gross and 72k Lessons learned?

The downside was he later hired employees which caused insurance and other issues running a business from a residential district. 

Cash flow-oriented investors would do well in this market, since Montgomery’s rent-to-price ratios are very favorable—for instance, we’re seeing $150,000 properties in B/B+ neighborhoods fetch monthly gross rents of $1,200 to $1,300.By the way, if you’re looking for financing, a debt service coverage ratio (DSCR) loan could be a good option for you since you’re an international investor.