Is it worth it to go through the proper process with the city and run the risk of a huge expense to make this a 3rd unit? 

There is more headache and maintenance than some other strategies, but the ROI to me is worth it.that's awesome- thank you for sharing. 

Is it worth a reduction of an already very small probability of an IRS audit?

It’s worth considering self managing as a STR for depreciation benefits if the demand is there 

I would like to be in the partnership for the least amount of time possible but want to be sure I can present this offer as worth his time, which is very valuable. 

if that doesn't sound worth it to you - then we're back to that HYSA. 

@Dave Foster   @bill ExeterMy view is without violating any irs rules your best option may be to live in the property 2 years and use the exemption.  

It's difficult to have a site with the functionality of BP that works the same on an app; a lot of designers are moving towards phone-optimizing language that essentially gives you the website on your phone without you having to pinch or drag to make the view make sense.

In some cases interest paid on the HELOC can be tax deductible if the funds are used for home improvements.Best of luck from Fort Worth! 

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.