Additionally, the property includes an outdoor swimming pool.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

With a bit of planning and good operations, one can easily manage 20 to 30 properties without an assistant, with less than a day or two a month.There's lots of automated ways to check on rent, make deposits (my tenants deposit directly into a bank account), receive maintenance requests, have maintenance done, etc., etc.One thing I could argue is to have your tenants ONLY email you, especially for maintenance requests, and that email goes directly to the vendor that you have set up to handle it.

They are not experienced real estate investors, they are retired and looking to create additional income. 

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

Since they are considering renting their properties out, sell them on the concept of getting consistent cashflow from you - without the hassles of being a landlord.You will then need to make sure you can make those monthly payments EVERY month in addition to do remodels.

Additionally, consider reaching out to real estate agents who specialize in investment properties.

Updated the kitchen, bathroom, and pulled permits to expand an additional bathroom/walk in closet.

So far, the BnB is well-received in the neighborhood, and a priority is to keep it that way long-term.Thank you in advance! 

Also, receive some referrals for my team. 

But possibly do a prom note for an additional 50k after about a year by pulling out equity.