We are not too strapped for cash, but it always seems better to have more in the bank than less.

If that is way more than neighboring STRs are charging, then there are probably a lot of owners cleaning them themselves. 

There are people in her program who do 3-4 deals in less than 90 days.She actually cares about clients and is the one who’s teaching and coaching live. 100% recommend

The clients we work with who have found success letting us help them find highest and best use of properties, then we manage them for a year, and then pull out 60-70% of their money, and do it again - rather than waiting several years for a home run hit. 

There are two requirements to claim REP status1) 750 Hours2) You spend more time on real estate than other activities such as your W-2 Job or BusinessYou want to work with a tax professional who will be able to advise you on what hours count and what hours do not count.Furthermore, the CPA may have a nice worksheet that you can use to help you document your hours.Best of luck!

- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)

What I'm really looking for is a simple platform where my tenant can pay rent online rather than send in a physical check every month (their current system...).

This year is slower than normal because mortgage rates and home prices are so high.

The parent is still alive and we are looking to transfer ownership much sooner than in a will.

I've bought a couple sub-to's in the past and about to close on one next week.