We thought snapping receipt + sending invoice email directly to QBO was super attractive.However, we are finding QBO to be also cumbersome and pricey1) Personal credit card - If I mistakenly use personal CC, I have to manually create an entry (this happens quite often). 2) Pricey - $99/month is now really adding up.WE thought it would be a great early learning and investment to adopt QBO now as we scale (hopefully to MTR and LTR).

Yes it’s common to have an additional guarantor who has a balance sheet added as a credit enhancement.

Equity and cash flow are equally important when deciding whether to pull money out.If you can put the equity to work by adding another property while still having a nice cushion on your cash flow, then I would say definitely yes.  

Do any of you use any app to do tenant placement on ad-hoc basis?

We mainly own SFR and do LTR but last year we added our first STR and its been a great experience.

In your second scenario you would eliminate all capital gain and depreciation recapture with the step up in basis.there is no statutory holding period that qualifies you to convert the properties. 

We added value by getting this home way under asking with seller concessions.

I added a new software platform, got rid of all abandoned vehicles, raised rents, seal-coated and striped parking lot, took out loads and loads of trash, got the phone number working and started marketing to local community groups.

Then proposing adding one more room to paint and then let him counter.

For years I have seen postcards and ads inviting me to a Rich Dad seminar.