Proper documentation and consistent reporting are crucial to ensure compliance with IRS requirements.

However, make sure to research thoroughly—there are many providers in the market, but not all have the experience or track record you’d want.For consistent cash flow and long-term appreciation, look into areas in the Southeast.

You need comparable sales BEFORE you spend $175 or the appraisal will come low to your expectations.

Being able to drive by your properties frequently to see them in person (even if you have a property manager) can provide consistent peace of mind. 

As others noted, most municipalities issue future zoning maps which indicate the direction the local planning commission or equivalent wants to take their zoning and if your plans are consistent, that's generally a good indication as well. 

@Zachary Sakena Purchasing properties through an LLC is all you truthfully need and that is more for business planning than anything else (if you consistently follow through on the items I previously shared). 

If you sold it, what would you do with the money and how does the return compare to what you get now (factoring in the amount of work/stress with each option)?

I STR it for 15-20K a month in the summer, and was offering it for rent for $2100 a month in the winter (lower than any comparable houses), and was getting tire kickers at that price. 

Be consistent with payments and work with vendors that report to bureaus.Personal Guarantees: Many lenders require a personal guarantee until your business has a solid track record.

If you come to me and say you super handy ready to take on a major renovation my answer will be different compared to if you come to me saying you need turnkey and 30 minute commute to NYC.