Keep detailed records of payment dates and amounts and consult a tax professional to ensure this strategy aligns with your overall tax planning. 

To help newer investors get started and learn from other likeminded professionals. 

This deal taught me the importance of overestimating rehab costs and always having a solid team of professionals on How did you find this deal and how did you negotiate it?

Our cleaning fee covers professional clean, laundry service, and consumables. 

Readers should seek professional advice.

Hiring a lawyer sounds expensive, but it is way cheaper than hiring a amateur (in this case yourself) who costs you money and provides no results (and then you need to hire a professional anyway).My personal philosophy is to "do it right, or do it twice" and its way cheaper to do it right once. 

Surround yourself with knowledgeable professionals who can support your real estate endeavors.

Would you mind sharing your professional opinion on which of these kitchen designs would sell better?

Even when talking with some real estate professionals who would seem to have an incentive to help me with renting out my property, I have been met with serious warnings (they pretty much say don't do it).

You may also want to consider whether a cost segregation study can/should be included in your strategy.There are several tax professionals here on BP who have the in depth knowledge you're looking for.