I’d love to hear more about your goals and how you’re planning to apply your expertise to real estate!

@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

It's mostly Class A properties, a few Class B.You may find the below copy & paste info useful in addressing your question:----------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I only plan to manage these two from out of state until we're able to refinance our second home as we're losing money on this particular house for rent as we bought this home last year. 

Stessa brings accounting, tenant screening, financial reporting and more into a single integrated platform built for investors, by investors.

I'm not saying that's your plan, but we just see so many examples of this happening in the forums. 

That is our plan with all but 1 property. 

Even when financial goals are met, the experience shapes how owners and tenants perceive the property.

Seller financing is a good way to start if you are looking to sell to your current tenants, other than that, you will need to run into a proper plan why you will need that and how long will it take you?

The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.