By forming a property management company, you could deduct business expenses like office supplies, software, and possibly a home office, which you wouldn’t otherwise be able to claim.

Is the Turbo Tax software a reliable option for doing taxes that include real estate investments, out of state, personal?

What goes on with my system,  is that people are determined to sell to me, even at a huge discount.

The software allows me to generate custom reports on my rental income, expenses, and overall performance.

Because of my spending I can get far more in discounts at Lowes than the Lamex 5%.

That said, expect to deal with a fair amount of fluff leads.The two best strategies I’ve found are inbound methods: direct mail and Google Ads.Direct mail can be expensive, but it can also yield highly discounted properties.Google Ads, on the other hand, doesn’t require data extraction like calls, direct mail, or texting.

It is in a great area and already cash flowing, and I locked in a good discount on the deal How did you find this deal and how did you negotiate it?

If I really wanted the Avon, Ct house, I would probably be willing to “exchange” this house as part of my down payment, at say a 5% discount after discounting for broker commission.

That helps with competition, but don't expect discounts - prices are still up 8.3% YoY.

Email marketing campaigns using companies like Stayfi or your own discount code on your direct booking website6.