It will end up costing you unless you're already a skilled contractor type individual.Get to know your neighbors that maybe around your property, especially if you're in a HOA situation where there's a mix of STRs and residential properties.

But since this is mixed use and a single structure, they'll default to other ways to demonstrate correct intent (rental income,  depreciation, length of hold, etc.) 

I concur with everyone, best to check for medical emergency first in this case, after that's been established as NOT the case, definitely time to get yourself into the mix and remove that manager asap. 

Any reason why we’re mixing RE holdings and S-Corporations?

Keeping thorough records of all expenses is essential for tax and compliance purposes.To make it easy, I recommend just keeping everything on the one account and avoid mixing in other accounts.  

Money and emotions don't mix well.If you own quality assets then you can just let them run at break-even, reinvest the cash flow into repairs and improvements and let time do its magic.

West Seattle mixes residential properties, whereas Columbia City boasts old houses as well as multi-unit houses for sale at renovating prices.

An example of this would be mixing your personal money and LLC money in the same bank account.3.

Thanks Stuart.I don't think a "thesis" is necessary for real estate investing.Your mixing "thesis" with speculation and prediction IMO$1m in cash is retirement for someone that knows what they are doing in "low barrier" markets like you mention.Same can't be said for higher entry markets.Those that don't know real estate will loose no matter where or how they invest.Personally, I don't care about appreciation as I don't get out of bed unless I can net cashflow 20% net on a deal.For example, just bought a 6 unit in a B class area for $160,000.Currently occupied and renting for $3,000pm.Once minor rehab of $50,000 is completed, rents will be $4,500.I have an offer to sell as is for $250,000.ARV is $350,000.When interest rates go down, value will increase even further due to commercial lending being easier.No need for appreciation on such deals.I'll take them all day long over any appreciation potential.Again, just my opinion and each to their own.

I am also looking I only have 6 properties and use a mix of apratments.com, zillow, and QBO but QBO cost so much for the pro per month to have everything automated into it.