Each tenant living in a building has their own unique rent amount, so even if they do not leave a notation with the rent payment, I know whom paid the rent based on the amount alone.

Good post with a few good ideas, thanks.A note about San Antonio, is that it historically has a big turnover in homes due to the military bases in the area.

Sounds like you need an agent and/or contractor based on your strategy. 

Be sure to consult with your CPA to determine if you can utilize these deductions based on your specific tax situation.

I read some articles stating that it appraise 100times of rent sometimes appraiser appraised it based on income generated by that unit. is that true statement?

An appraiser likely won't be able to value a 1-4 unit property based off STR rents (whether projected or actually incurred), and if they are, the lender won't lend off said valuation for their applicable value (value they're lending off of). 

Hi BiggerPockets community,We are a married couple based in the California Bay Area, both working as software engineers with a combined income of close to a Million USD.

Our LTR lease is nearly 18 pages long, not including the additional riders for mold, radon, lead based paint, etc. 

I'm also based in NJ and love to discuss all things NJ RE. 

., funding, management, deal sourcing) based on strengths.Bylaws to Include: Cover profit/loss splits, decision-making processes, buyout clauses, and what happens if the partnership ends.