@Trenton Pelloquin There are certainly benefits to QBO, including the fact that many in the industry players are using it, which could facilitate delegation of bookkeeping activities and tax preparation. 

They could act as both an investor and manager, potentially bringing in more resources and taking a more active role in maximizing profits.

I’m in the process of signing an offer letter for a home in the Lake Carolina area of Columbia, SC, listed at $399K. The house has been on the market for over 60 days, so we initially offered $375K. The seller counter...

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One option is to go to neighborhoods where they are actively building and meet the carpenters, plumbers, hvac, electricians, that are doing the work. 

Your financial activities are essentially outsourced to another institution, which may have its own policies and vulnerabilities.What Can You Do?

With mortgage interest rates on a recent downward trend, we have already experienced an uptick in mortgage activity since the slower pace in February, March and April 2024.

If you use this setup you will be turning passive rental income into active income which means you will pay higher taxes. 

@Daniel Windingstad,I believe @Taz Zettergren mentioned Alabama, and I wanted to chime in since I’m active in multiple markets across the state.I’ll talk specifically about (property) taxes since this data can be easily compared.

Worth area, a fellow investor, active on bigger pockets, Marine, and all around good guy and smart lender.