Its always nice to be prepared.

You have to plow and salt each storm to prepare  for the next storm .

Make sure to prepare a professional proposal, highlight your STR track record, and be transparent with your financial projections.

The revenue and expense categories line up with your Schedule E which makes it a breeze to prepare for filing your taxes and I like the reporting features, too.

. - Be prepared to pay for a PMC's time!

I just want you to go into your investing as prepared as possible. 

What I love about Baselane is that it was built BY real estate investors FOR real estate investors so it's really dialed in to what you're going to need in order to prepare your taxes, keep your books up to date and the more operational aspects of being an REI like tenant vetting and processing rent payments.

@Jason Dubon I use a percentage of the rental income to prepare for expenses.

Submitting real offers that you feel confident actually closing on and having a strong sponsor to work with that has a track record will go much further towards you winning deals.In short, you can pursue larger deals right out of the gate if you want to, but generally expect that it'll take you longer to win one and make sure you have the right players on your team so that you're prepared to win them and to close them once you do.

I purchased and renovated a house with a separate legal mother/daughter apartment that I am preparing to Airbnb here in Central NJ.