In order to get a line you would need 2 years of operations, and have an operating company - like a property manager or a construction company.

Operating an LTR is quite different from managing a short-term rental , so I'd recommend focusing on mastering one strategy before expanding your portfolio.

Pro:- it’s trained to look for safety risks, expensive repairs- within minutes analyzes entire disclosure packet of hundreds of pages- works as another set of eyes that looks for things you should be watching out for, likewise of a companion - great to quickly learn of property conditions from the actual documents while on the go (given that you still follow your own due diligence process)- beta is freeCons:- still in beta- can’t share report directly unless copy and paste- only core documents (home inspection, pest, roof, tds, hazard, solar) are supported but not regional specific disclosures like hoa- estimates it provides aren’t accurate- not mobile friendly 

I hope this question makes sense as this is our first year filing and our first full year of operation. 

Remember NOI, or net operating income is the basis of market value in rental property.  

If the seller is trying to avoid legal issues with the city for illegally operating a property I would get out of that.

hmmmm, raising capital for operations vs each property?

As the owner of Oz Realty, I wouldn’t recommend any other property manager in Toledo to take you on.Most companies don’t allow landlords to use their own contractors for repairs due to internal operating inefficiencies. 

The cost segregation studies that typically yield the highest credits and deduction are for properties valued at $150,000 or more or that have lots of added features such as components to operate or high-end custom finishes.

However, we found receipt management (downloading emails and pictures and saving them to Google Drive) to be so cumbersome and decided to join QBO train.