When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

It's a conversion process and is quite complex to design, formally file and obtain new CO.

Hello everyone, I've been buying and rehabbing properties for long term rentals for going on 8 years now, I enjoy buying properties, designing them, and seeing the end product. 

Just saw this on the local news this morning.Nothing changed yet, but maybe soon.https://louisvilleky.gov/government/planning-design/middle-h...

There are two issues I want to point out at the jump:1) 1031 exchanges are designed for long-term investors. 

Congrats - beautiful design

“Architects design buildings that kill people; engineers design buildings that make people want to kill themselves.”

While it may seem counterintuitive, having a specific tenant in mind when designing and marketing the proeprty is very important.

Yes, it's generally advisable to switch your home insurance policy to one specifically designed for rental properties once you convert your househack into a full rental property. 

Depending on price, studios or 1-bedrooms can still get you a good return, but I suggest focusing on 4+ bedroom units and having a really special design to stand out in the market.