ERA is trying to start sending us small referral bonuses but they have not figured out their tracking yet.

Hey Lily, I think you're on the right track by considering MTRs, especially with the challenges you're facing in the Section 8 space.

You only need a place to track tenant information, payment history, maintenance, etc.

.- Business Setup: I’m setting up a new LLC specifically for this venture, which means the LLC will have no prior credit history or track record.- Investment Location: I plan to invest remotely in Birmingham, AL.

.), and makes it easier to track and deduct business expenses.

New to real estate and hoping for a simple way to track.

If you are not using a PM all you need to do is track income and expenses. 

Although it's expensive, it effectively keeps us top of mind with our sellers and buyers, providing features like email open rate tracking and call recording.

If you're looking to build up capital more quickly, flipping could be a viable option.Best of luck with your decision—whichever path you choose, you’re on the right track!

Again, everything must be at fair market value, and all documentation should be meticulous to withstand IRS scrutiny.It sounds like you’re on the right track, but it may be beneficial to consult with a CPA or tax attorney familiar with real estate and LLC structures to fine-tune your plan and ensure you're maximizing benefits while minimizing risks.Good luck with your investments!