The only real difference is when you start collecting rent after purchase.How have you weighed this against the probability of tenant nonperformance?

We  dont know if we are closing on the 1st of the month or the 30th of the month so we don't know if we are collecting 1 day of interest or 30 days of interest. 

@Yoni Kaszynski, with a co-signer what I focus on is whether they are "collectible".

If your average heating bill is $150, you may not collect enough in the winter months when the bill reaches $225 but you'll collect extra in the summer when it drops to $65.

I've still never owned a single family rental property or collected a rent check, but I hope that jumping into development will create opportunities for others to own their own homes and rentals that will serve families for generations.If you want to follow along for more of the journey let's connect.

The challenge is the that you need to have a plan for the property that will allow you to improve rent collection, lower expenses or build the equity.

Here's a good breakdown of your options for tax collecting starting Feb 1 based on the new regulations.

The typical rent collection sites are not what I'm looking for. 

If the property manager uses a payment app integrated with the property management software to collect rent for the landlord, this is not gross income for the property manager.

A few things I would ensure you are doing in your collection Process.1.