Focus on building a network of contractors for repairs, set clear boundaries for house hacking, and take advantage of tax benefits.

When sdat and city taxes updates there will be no question though that could take months.A lot of the better pms void this by only managing in the better parts of Baltimore city or the suburbs. 

Here it would be 25% down ($275k)A balance of $825k at 7% (or higher) $5,490/mo, figure $250/mo insurance, $500/mo property taxes $6,250/mo. 

This can get technical, and it is case by case, to be discussed with your tax accountant.

As long as you paid a contractor or someone who’s not an employee $600 or more in a tax year, you are required to issue them a Form 1099, regardless of whether you paid them via cash, check, or another method.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

Suggestions I would make starting out a cross border tax advisor accountant is invaluable. 

I"m curious - is the lot fee essentially the MHP equivalent of property taxes?

Mike, My recommendation would be during due diligence for a potential purchase, ask for past 12 months of all utility bills, property taxes, and any other municipal requirements like rental permits, occupancy inspections etc. 

As a "retired" public accountant and tax consultant I perform a lot of detailed ROI analysis for my clients.