After 12 years in the furnished rental game, I'd say that is a pretty good sample size. 

Pretty soon after purchasing it, we have had several problems, many of which likely occurred due to our lack of enough due diligence. 

This specialized skill is rare—after working with many property managers in Las Vegas over the years, I found only two I would trust to place tenants in my properties.Contracts and processes must comply with all city, state, and federal regulations.

It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price 

I'll second notion or another living wiki-type platform if it's just notes you're after, or if you're looking for something more task-oriented, Asana features project pages and other functions that track data and next steps.

For example, what would the cash flow be like after you renovate and lease out at the new rates?

Except for some commercial investors, this is virtually never the intent of a residential performing loan investor.Lately, performing notes investors are typically earning between around 10% to 15% for very little work after origination.

But after permitting, there have been many delays.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I have a followup question - I will realize a lot of capital gain from this home in Idaho, so I think unless I purchase a new primary residence I will have to pay that capital gains tax.