I already have proof of concept in Raleigh as Ive talked to multiple people (including the agent Im working with there) saying airbnb-ing rooms is a cash cow there. 

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

They are known as the Winthrop Factors-The purpose for which the property was initially acquiredThe purpose for which the property was subsequently heldThe extent of improvements made to the propertyThe number and frequency of sales over timeThe extent to which the property has been disposed ofThe nature of the taxpayer’s business, including other activities and assetsThe amount of advertising/promotion, either directly or through a third partyThe listing of the property for sale through a brokerThe purpose of the held property at time of sale; the classification as an investor or dealer is determined on a property-by-property basis.To me intentionally buying a property to renovate it to resell it for profit, twice in the same year, and opened an entity to do it in ....is going to be ordinary income and not capital gains. 

I specialize in this type of transaction and would be happy to have a conversation including why they may not be a fit for you. 

Was cash invested including rehab costs?

I am considering buying a property in Spokane that includes two separate housing units. 

I am looking for a more efficient way to keep track of expenses, log receipts (including the actual graphic of the receipt) and seamlessly export expense info for tax time.

Plus I don't want to be in the electrical selling business, that includes no hookups to recharge electric cars.All I want to do is provide housing and collect the rent.

It has cost many people including myself a lot of unnecessary money and still is because you deal with the tax portion of opening unnecessary LLCs recommended by supposed professionals. 

You will need 6 months worth of the payment (including taxes, insurance, HOA) in liquid assets to show an underwriter.Now with doing a rental agreement, do I need to have tenants living in the home first or new prospects lined up before the underwriting?