Property taxes are 2% instead of 1% for landlords as a general rule (some districts may  be slightly higher). 

You can take any proceeds tax free and roll into a different investment. 

FHA loans can be a good option here, allowing you to put down a lower down payment.## NetworkingNetworking is key in real estate investing.

An other advantage of paying with credit card may be that you will not have to send the provider a 1098 tax form (only an issue if the total yearly amount is over $800). 

If you only have one LLC and don’t need entity tracking, you could get a lower subscription and categorize your properties as ‘customers’, then units and tenants would be sub-customers.Simple Start would allow you to invoice your tenants (if desired through QBO) and produce basic reports. 

Great hosts will be good neighbors, will contribute to local tourism and will pay their taxes and permit fees* A major area to improve on the proposal is the 1 hour time-limit for resolving complaints.

How do we minimize taxes on the profit we're making on this first home? 

The interest would be tax deductible due to interest tracing rules. 

On paper that is a pretty darn good ROI but I’ve found when dealing with lower rent numbers the profits dwindle quickly especially when the PM has so much loose leash.  

There may be something called a "Due On Sale" clause.Check and see if all tax parcels are included in one mortgage or if they have separate mortgages.You have to have him spell out what he considers to be a "partial seller financing".