After traveling and investigating multiple countries in Central America , I decided to invest in Panama.

Guests really do want the house to be ready when they arrive, and not require Mom to make up the beds after a day of travel. 

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?

They usually have to travel 2.5 hours.My questions are:1.)

The property is located close to a hospital and made it perfect for us and our community by providing a family-owned property to traveling nurses.

I travel almost an hour for work as I own my own home.

Please shoot me a PM if you would like to chat or just say hi.All the best,Phillip DakhnovetsGuardian Property Management & Maintenance Hi Phil,It's great to see another member on the forum from Toledo and investing in Toledo.Same here mate.I've travelled the world, lived all over the world and bought real estate all over the world.But I'm yet to find a market that offers a "better bang for your buck" than Toledo.Been investing in Toledo since 2014 in buy. fix and flips and also property management.I don't see myself investing anywhere else.Why fix it if its not broken.Downside to Toledo is low appreciation and difficulty finding motivated and competent staff.But is probably more so me being a poor people manager than the actual market itself.Wishing you much success in Holy Toledo hehe 🙏🙏🙏

Specifically, that exception applies when "only a PORTION of the main home is used for business or rental usage"....

They don't like to travel far. 

You will need to build a team for out of state and the closer to CA the better because of the travel time and as a college student you might not get 3 days to meet a contractor in the Midwest.