Be prepared to set up a viewing ASAP and be ready and able to make an offer quickly.

thanks - the above average properties will be seen and snapped up ...if interested in buying another property - get  pre approved so you can be prepared  to make an offer if a good property becomes avaiable - good luck 

I am on Bigger Pockets to learn and better prepare myself for my career in commercial brokerage.

Then you will have a track record, and the annuity can fund the down payment for the next venture.  

The company that serves and blessed me over and over again is what you would call a Tax Advisor, not simply a CPA or tax preparer. 

So if this is the route you'd like to go, please consult whomever you would be using for your 2024 tax preparation.

How your rental looks when he moves out, well...be prepared for the worst.

You would need to have a rock solid argument prepared for how community benefit (affordable housing?)

@Trenton Pelloquin There are certainly benefits to QBO, including the fact that many in the industry players are using it, which could facilitate delegation of bookkeeping activities and tax preparation. 

Most here on BP that buy NPL's like myself only invest in the US as we see plenty of product here in the US and can make good money doing it, so its not worth the risk to venture overseas in other country to learn all the nuances, laws and rebuilding all brand new relationships.