Hi @Adam HoekerI have my clients all on QuickBooks Online.We sync in their accounts to reduce human error in entries, and track each property's expenses and transactions to prepare for Tax time, this helps us to be prepared for 1099s as well, track Asset Basis and Depreciation, Mortgage Balances, and any Equity items.Since QBO is very common, it is easy to connect a Tax Accountant to this as well and have them pop in to grab reports they need to file. 

While personally I'm interested in growing my portfolio of mid-term rentals around the Raleigh Triangle market; Professionally I will be connecting with dozens of investors on a daily basis and would love to provide added value by offering access to a wide range of real estate support services.

I don't think this is a good idea for the sole fact that you intend on selling after his passing.Once they pass (which I hope is a long time from now), those who inherit the house will benefit from the step up tax basis, meaning the net proceeds could be TAX FREE.

As property managers, we see up close on a daily basis which properties perform best and are the most popular with guests…as well as the ongoing challenges.1.

Not to mention the FED meets this week and are expected to drop the FED rate by .25 basis points.

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

There are risks in your everyday life.

A cost segregation study was performed on this single family home in West Palm Beach, FL purchased in 2023 with a depreciable cost basis of $841,850.

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

I would work with an experienced agent where good negotiating skills were table stakes and that's their value proposition (they do it all day, every day).