Many investors aim to jump straight into turnkey properties or multifamily deals to scale quickly, but the truth is that most people don’t have enough liquid capital to maintain consistent growth this way.

Without complete financials up to that point, extra work (and headache) will be required to get everything straight after years of failure to keep complete financials.There also might be an asset protection wrinkle by not maintaining complete books for an LLC, but I won't comment on that as I'm not an attorney.

So just don't open yourself up to fair housing violations if you do deny them.

I'm about ready to retire so I'm not looking to compete in a bidding war, mainly looking for a fair deal that I can rehab or a turnkey with some cash flow. 

I personally own/live in a historic home and I can promise you this: it will cost you more - a lot more - to renovate and maintain the property. 

Taxes are calculated on the gain (e.g. sale price - purchase price + expenses, broken down fairly clearly by @Jake Baker) not just on the sale price.The tax treatment on sale of a Primary Residence vs.

While the lease will most likely include maintaining the units themselves, these organizations are not going to manage it anywhere close to what you could and should do.

He was helping a friend in a weird situation but $700 was fairly close to what others rented for.

Not as good as a separate metering, but its less cost and seems fair to me with little added effort for billing.

Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.