I’m excited to dive into this area for my next investment opportunities and would love to connect with like-minded investors who are familiar with the region.I’m also looking to build out my local team, so I’m interested in connecting with real estate agents, contractors, property managers, and lenders who have experience in this market.

They’re not standard where I live, but prospective tenants are thrilled to hen my units have them and don’t mind paying higher rent.

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

They sign the contract, hoping to find a buyer willing to take it on.Instead, go in with a maximum offer in mind from the start.

We were in first position on one and they want us to take a $40,000 haircut so they could satisfy the second because the second would not budge.They called me every day for a week, asking if I would change my mind.

Keep in mind that hiring someone that setup the STR may impact your ability to take advantage of the tax benefits.

As for PadSplit, it’s definitely an option, but if you’re gonna live there yourself and don't mind a little hands-on management you can save and still cash flow.

The fact this type of topic exists is mind blowing.

Most of what they recommend only makes sense from an operational standpoint if you are a larger investor and have a team to help you manage everything.Also, ensure your REI-savvy tax pro and your REI-savvy attorney link up during the entity structure creation process so things are optimal on all sides.Just something to keep in mind as you're beginning this journey.Answering your question, you'll want a checking account (minimum) per subsidiary entity and for your parent entity.

Our tenants don't seem to mind a security deposit (we charge 1/3 a month's rent), and we've already set up our systems to ensure no co-mingling of security deposit funds and rent (or other personal) funds.Still, I'd love to hear any experiences for good or ill that anyone has had with their services.