Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

I’ve made a conscious effort in automating and digitizing more of my rental management tasks and can share some of the tools I've been exploring that might be helpful to others.I use Baselane a lot, it is a platform that's really geared towards landlords and real estate investors.

If you or anyone else has any comments or questions or if you feel like you have more insight that could be valuable in this situation please reach out to me personally here through PM or at [email protected] Thank you all!!

Tools like Baselane simplifies bookkeeping and tax preparation by categorizing transactions and storing records.Keep personal and business accounts separate to maintain LLC liability protection.Please don't use the same LLC for flips and rentals.

It was incredibly valuable and helped me grow and become a GP

If not, hire a professional architect or floor plan designer, or use tools like RoomSketcher, MagicPlan, or Matterport to create them.

Consider consulting with real estate professionals who can provide valuable insights and guidance.As you move forward, remember to remain flexible and open to opportunities that arise.

Newbie here - learned a very valuable lesson on my first property (actually a few, but that's another story).

I have seen instances where a 1031 exchange was not required such as1) The overall gain from the sale of the investment property was very small or even negative2) The taxpayer had enough passive loss carryforwards to offset the gain.A 1031 exchange is a very powerful tool put it has to make sense before going forward.

If you’re exploring options, look for a system with an API that connects to tools like Zapier or Make.com.