Congrats on the new MTR operation.I don't like the idea of putting in what may be a relatively high-cost and low-return piece of equipment in your unit. 

Hey Karina - I can totally relate to your sentiments re: bookkeeping!

Once you pay it off, it goes back to normal relatively quickly (within 1.5 months).

We have a huge influx of people buying in NH at the moment, obviously mostly short-term COVID-related, however I do feel this will be pretty sustained, now that so many people are questioning city life and have realized it IS possible to work from home, so why not do so in an incredibly beautiful place with hardly any crime and tons of outdoor activities?

Assuming it's written in your management agreement somewhere that states the owners are current on all financial responsibilities related to the property, does anyone require them to actually provide a current mortgage statement, HOA payment record, taxes paid, etc..... at least at the time of the original management agreement signing.Recently had a new owner sign the agreement, only to find out after we had secured a new tenant for them, that they were in financial distress to say the least (inquiring about bankruptcy) .

Then, when filing your entities, you just paste your FinCEN ID number into the field on the web form.

At least in AZ, you can count a 4-year college degree as 24 months of experience, but it has to be construction-related degree (e.g. construction management, CivE, etc.).

But, again, if you friends  in Indy know a thing or two about investing and can partner with you, where you both have a financial stake and they get "more" of the pie relative to their equity contribution in order to oversee the success, that would be the ideal scenario in my book.As for broadly in markets, both are considered pretty good.  

Nothing is owed on the inherited property.My question is, with the costs of building new still relatively high, would it be better to subdivide and build on the current property or use the equity of the inherited property to buy another separate income property?

You'll just need to reach out to me.My BP profile page explains how!