Written by attorney investors, it's full of practical advice pertaining to management of investment property, has sample forms that can be edited, and - most importantly - they tell you what your primary state laws are and where you can read them.

Highly unethical company What practices do they do specifically that were unethical?

I agree with you that this may not be common practice in different markets, my experience with HOAs is only in the state of NJ.

PREDATORY business practices, truly shameful.

It will give you a strong foundation in legalities and best practices.

If you could pay down the mortgage with the cash and recast, and simultaneously put a line of credit on the new equity, that could be more beneficial as it would still preserve liquidity while reducing the overall interest load.

I have been learning the investor language, though still working on applying and practicing as I’ve worked with investor clients who flip, as well as do STR and LTR.

But best practices for Security Deposits (and last month's rent or other funds held in TRUST) is to keep it separate from your operating funds to avoid commingling and using funds for other than their intended purpose.

This general log gives an overview of your activities, but it might not be detailed enough for IRS purposes.Example 2: Detailed LogMonday, 7/1/247 AM - 7:30 AM: Monitored security cameras1:30 PM - 2:15 PM: Responded to tenant question regarding parking3:00 PM - 3:30 PM: Monitored security cameras4 PM - 4:15 PM: Checked mail and delivered to tenants, as necessary7 PM - 7:30 PM: Monitored security cameras10:30 PM - 11 PM: Monitored security cameras7 AM - 11 PM: Remained on standby all day for tenant needs/emergenciesThis detailed log breaks down your activities into specific time slots, which can provide a more precise account of how your time was spent.Best Practices for Record-KeepingBe Specific: Break down your activities into smaller time intervals, as shown in the detailed log example.Use a Logbook or App: Consider using a time-tracking app or a dedicated logbook to keep daily records.Document Standby Time: Clearly note the hours you are on standby for emergencies, but also separate it from active tasks.Include All Activities: Document everything from advertising to maintenance and tenant interactions.Consulting with a Tax ProfessionalGiven the complexity of qualifying for REPS, it's always a good idea to consult with a tax professional.

Put what you learn into practice!