That's correct, I spend $140 per month on QBO ($90 for one LLC, and $50 for the other) plus my bookkeeper that averages about $500-$600 per month.Great idea, and yes I would do a trial for a few months using both.

A renovation company that has already completed over 350 renovations for us will quickly do whatever touchups/repairs are necessary so we can get the property back on the market.Use electronics to control access and reduce turnover time.

These loans usually only have lengths on average from 6-12 months.

However, current rents are on average $440 per unit, market rent is $600 per unit.

Utah County is 8 years on average younger than Salt Lake County, Demographics are more important than any other factor in real estate investing.2.

Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.

If you don’t mind sharing, what’s the average price range in the area where you are house hacking?

Quote from @Ashish Acharya: Looking ahead to 2024 and beyond, you can treat it as an STR if the average stay is still under 7 days.

Conducting a thorough property inspection or consulting a contractor can help identify potential large-ticket items you might need to replace soon.For make-ready costs, you can look at local averages for common turnover tasks like repainting, carpet cleaning, or minor repairs.

Inspection was average for the age of the house around 90 years old.