So true compliance is hard and expensive to achieve.Staying under the radar per collective thinking (not via statute or solid facts more like guessing) is;  rent many phone numbers ($1/mo per number), send only 150(ish)  SMS pre phone number per day. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

You'll also need a way to collect your security deposit(s) and rent.

You may need something from a property management/rent collection standpoint to complement QBO.

Some state limit the fee you can collect and may limit who can collect - only attorneys for eample.

The $55 tax that is paid every year on a 15 year old car probably cost $40 to collect when you figure fully loaded overhead. 

He had collected a $5000 deposit from them, and also was collecting more from them on a monthly basis that what we had originally been renting it for and pocketing the difference.

Like who will manage the building, what is the collective rent, what are the taxes and insurance, is it all up to codes of the town, zoning questions, what is the as-is value - this will be very, very hard to comp and the lender will come in at the low end of the comps for sure. 

Anyone here with experience installing rainwater collection systems either below or above ground on new construction vs drilling for a well? 

To give you a bit of background, I know very little about bookkeeping beyond managing my budget for the last three decades (ugh), so this is all pretty new to me.Here’s my current setup:I’ve had a property management company using AppFolio to handle the heavy lifting – rent collection, owner distributions, expenses, and the whole shebang.