We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

As for the 10% fee for overseeing setup, I understand this is in addition to the cost of hiring someone to physically set everything up.

If you’d like help exploring real estate investments or structuring financing, I’m here to assist!

Let me know if you need assistance with the numbers or structuring the best deal!

You may also want to have a discussion with your attorney about how to structure the lease to protect yourself.

I responded with a legal notice saying that I cannot be left vulnerable for legal reasons to someone doing structural repairs on my home, because in the event they are hurt, I can be sued.

I see the rentals as wealth building and flipping/development as a job (with ordinary tax structure).

There has been some changes to the lender/realtor fee structure and realtors can now earn income from the mortgage side of the transaction.

There are multiple ways to structure your deal and get your feet wet in real estate, as long as you know your numbers.

Because you admit you do not know the structure, traps and pitfalls of subject to, you need an attorney that is experienced in contracts to walk you through this.