Manager, bookkeeper, 2 maintenance guys, maintenance manager, project manager.Biggest lessons.- Buy or scale quick enough to be able to hire a handyman full time (students are relentless)- Just tell your PM team to make the the tenants - life is easier that way

If you are proficient with Quickbooks or another bookkeeping software then Cozy can be a nice way to go for an Owner managed setup.

The top ones we see in our bookkeeping firm and that I've experienced personally doing BRRRR's are overleveraging and romanticizing the cash flow. 

Being added as a collaborator can help more with strategy and bookkeeping questions. 

There are quite a lot of repairs or daily requests from guests, more bookkeeping due to consumables, extra utilities, pool service, lawn service, internet, etc.  

Any founders & owners of fractional CFO, accounting, bookkeeping firm? 

 $1800 (high end of rent range) - $1535 (hopefully mortgage includes full PITI) - $90 (5% vacancy) - $400 maintenance/cap ex - $180 PM (at that low rent point I am using 10% all inclusive) - $50 misc (bookkeeping, utilities that are not tenant responsibility such as slab leak, tax man, allocation of asset protection, etc).  

@William Coet, as noted, it sort of depends on where you are looking to protect liability.The most common reason I hear when working with investors who invest in a syndication through their LLC is honestly for ease of bookkeeping and record keeping.  

As bookkeepers for real estate agents, here are a couple of questions that we get frequently:Can I just estimate my business mileage?

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!