Plus, with your market's rapid development, you could lock in your gains now while the market's strong.

Some software are using AI to automate but Stessa Pro could not even set rules for assignments.

The simplest thing to do (at the risk of sounding like I'm teaching how to cheat) is to check the "material participation" box when entering a K1 into your tax software.

things missing in your list (everyone manages differently, so take it with a grain of salt)Vacancy rateTurn overbad debt legal fees (evictions as needed)accounting fees for professional tax prepmaintenanceProperty TaxesSales Tax on PM fees (In NM, this is charged, not sure about where you are)Reserves for replacement CAPEX - furnace, water heaters, ac, roof, parking lot, etc.Admin, software, advertising, etc.Cost segregation study for accelerated depreciation captureAs for your loan. 

If you're okay with not having any of those, then hey, they're an amazing free option that your tenants will like.Landlord Software:  Software and platforms designed specifically for landlords and typically have more than just rent collection.-  Pro's:  Additional functionalities, such as tracking maintenance, automated bookkeeping, screening reports, etc. 

Lots of development happening there, but not at an exploding pace which is good.

I am not as familiar with your area land wise although I suspect there are developments of lots there that do go.. title insurance is the other issue..

I do site/land development in Florida; I am happy to be a resource for you. 

But most importantly, they do not need to be paid back.Funding Sources:Local Government/MunicipalitiesState GovernmentPrivate FoundationsFederal GovernmentFamily OfficesCorporationsWhen applying for a grant, ensure you have an understanding of the details such as eligibility, your project readiness, the purpose, funding amount, areas of funding, limitations and deadlines for the application.The prime candidates for a grant are 1) those developing a real estate project or physical space, 2) scaled non-profits and 3) certified non-minority owned businesses.Ensure you are able to provide the following documents before applying for the grant:Show site control through documentationA project description or business planConceptual drawings or renderings of the physical spaceProfessionally prepared budgets for the company and projectWhat does the grant application process look like?

Well I moved to Oregon last year and just started networking with a few Realtors in the area learning which Counties are developing and looking for mixed use and small multifam opportunities.I'll be listing a ranchette in Santa Maria, CA in Jan 2025 before I make my final exit from CA!