Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.

@Guenevere F. you're going to need 20-25% down to get a mortgage.If you target $100k, that won't leave you any funds for closing cost, maintenance or emergency reserves.You could try targeting around $80k, but the $16k-$20k down payment would still not leave you with enough.If you buy under $80k, you're probably buying such a low-end property that it is unlikely to meet your performance expectations.

@Kyle Carter we manage around 700 doors, with 92 of them being S8.When S8 applicants are properly screened, they can statistically perform a decent amount better than cash-tenants.

. - Drainage patterns and erosion around the foundation were consistent with the settling we saw, suggesting the slab foundation had been continuously undermined throughout the 23-year life of the house. - We plan on holding the property as a long-term rental, and the amortized cost of the repairs is marginal.

The investor in me has to be wiser about the decision and not worry about sentiment, look to reinvest in something else that will perform better for my family's future. 

It’s given me the opportunity to save and prepare for my next upcoming purchase.I’ve gotten the units from $750x2 and $800x2 to a consistent $900. current mortgage is $2500 monthly, refinancing to a conventional and removing mortgage insurance should bring me to $2100. 

As the legally required small print in the offering of financial products reads: "Past performance is no guarantee of future performance".

Which consisted of feeding about 1lb of chicken down the garbage disposal.

While your properties hold significant equity, adding debt from HELOCs or a DSCR loan could strain your finances if STR performance fluctuates or costs rise.

Quote from @James Kerson: @James Hamling-I gladly would have overlooked your deficiencies in English and other spheres had you not so consistently acted like a dick.