@Chungying ChuIf you want more liability coverage, ask your insurance company if you can increase it.

Recognize there are challenges doing BRRRRs since the rate increases that have occurred in the last couple years

I will be sure to increase my rice in the future!

The average sale price for small multifamily properties in Nassau increased by 13.9% from '23 to '24.

I would slow down and think about your BUDGET, what you can get for $30k, and how you can increase your income.

If it's the difference between $1800 and $2200 but you have to cover utilities too, not worth it. 

You likely only need to do the past 3 years worth for IRS purposes.You may want to see if there is a way to export transactions from QBO to excel and then import transactions from excel to Rentastic.- Unfamiliarity of software with my Bookkeeping and Accounting team.Altough not ideal, you may want to pay and do bookkeeping on both platforms for 3 months to see if you 100% want to make the switch.I still use Quickbooks, but the desktop version, it runs perfectly for all my bookkeeping needs.

and what do you owe and what do you think the property is worth? 

And while I agree that debt is often the cheapest form of capital, if you are looking at a project that involves some form of value-add business plan, you can always refi either when rates come down or you have increased the yield on the asset to exceed your interest rate.But like Stuart noted, for many groups, even the most seasoned syndicators, raising call cash for their deals is effectively impossible.  

The deduction is optimized as values increase and can potentially offset the entire net investment (including down payment) for high wage earners.