That person will be able to tell you what you can do and following that plan will give you peace of mind about your further investing strategy.

The owner was motivated due to personal circumstances and wanted to avoid the hassle of listing the property publicly.To negotiate the deal, I started by understanding the seller’s priorities.

Insurance- personal property.  

Personally, I find BTRs to be more predictable with fewer ongoing maintenance issues, and they tend to attract high-quality tenants.

We're definitely feeling it.  

It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.

CPAs generally have more knowledge about general accounting but it is ultimately up to the individual person to take it a step farther to get more specialized.

Ideally you would put only one persons name on the mortgage unless you absolutely had to have both to qualify.  

Feel free to reach out at any time with any questions.

I thought about locking them but I feel they might try to vandalize them.