A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.

Financing plays a critical role in determining DSCR, as it assesses the property's ability to handle debt payments.

Be clear as to who handles what.  

They do require a lot of maintenance and you'll need the cash reserves to handle that.

In your current situation, it could be covered by a contract of the terms of your agreement but creating an LLC as mentioned is also a good way to handle it.

Quote from @Ashley Campbell: I use a professional CPA firm to handle my taxes and they are great with strategies.

Honestly, it wasn't that hard, it's not like a had a deluge of phone calls that I couldn't handle. 

(However, the software is geared towards smaller companies)(There are specialized softwares that larger companies use).Quickbooks can handle the accounting for a small business who does flips.In my opinion, you likely need to take a class on QuickBooks to properly and efficiently use the software.There are likely some schools nearby that will teach you quickbooks.The alternative is to out-source it to someone who is focused on the real estate accounting space.Best of luck.

Managing or leasing the property yourself would likely be considered self-dealing, which is prohibited.To stay compliant, it is best to hire an unrelated third party to handle the leasing and management duties.

On the construction side I have an advantage because I'm a very experience contractor that can handle multiple big or small projects, specially out of state.I started now because I got all my systems in place!