If you could work it into a combination STR/MTR and rent mid-term to people working in the area for the down months, the market could work, but aside from that I don't see a ton of value in that market for the prices you have to pay, you basically have to make a years worth of expenses in a 4-5 month span.I don't have specific knowledge of any of the other markets on the list, but based on this one it seems like not much analysis went in to any of these properties and its strictly based on a rough estimates of revenue.

Then Tenant A moves out, leaving Tenant B in the rental with no knowledge of who they are and no written lease agreement with them.Best practice is to name every adult on the lease.

I truly appreciate you sharing your knowledge with me.

You can use it for any business you can imagine, as long as you understand the accounting principals associated with that business and how it all works together.In QuickBooks, you can set up projects for each flip and keep track of them on the balance sheet - where they belong - up until the moment of sale.If you don't have a lot of accounting knowledge and are relying on QuickBooks to be intuitive, then you are going to be VERY disappointed. 

Very knowledgeable.

Walking the property or having someone you trust, is key to make sure you have full visibility and knowledge. 

I am new here in Bigger Pockets and I purchased a rental property in San Antonio, Texas back in 2019 with little knowledge back then, in real estate.

He took depreciation on the prop, claimed the kids I’ve had primary custody of, and likely pocketed the returns.I am in the process of trying to engage a communicative/experienced accountant to assist in cleaning this mess up asap and fortunately our amazing bookkeeper of approx 8 years is very knowledgeable and responsive.

For your rinse and repeat househack plans, discuss this with a knowledgeable lender.

Can anyone with knowledge of bonus depreciation weigh in on a scenario I’m piecing together?