These policies also cover you in all other areas of life like car accidents as well.

You should track your own units expenses as well so when you move out, you can quickly reclaim any expenses or depreciation you built on the personal unit when converted into a 2nd business unit which would then be included on your schedule E.You also write off half of your property taxes, insurance, HOA dues, or any shared expense.

If you hold for 2 years then sell, I feel very strongly that you will do well. 

If you feel like you have a strong argument, you might as well try it's the way I look at it.

QB really is not made well for landlords and landlords leave QB every day for better software, payment processing is really expensive, and with QB there's no tenant portal for your tenants to schedule payments or push maintenance requests. 

I usually provide our budget as well with totals spent. 

👏Regarding subcontractor contracts, it’s essential to have a well-thought-out document to ensure clarity and protect all parties involved.

If the Owner wishes toterminate the agreement during an existing tenancy the owner will be held liable for payment ofmanagement fees for the duration of the existing lease as well as a $300 + GST cancelationfee.

I often read that one should seek a commissioned sales role because your comp is uncapped and that has served me well. 

I could very well be wrong though.Not an attorney, so Im interested to see if any attorneys chime in on this - I'd like to know the answer myself.