Changing the tractor's oil in the driveway was another favorite: keeps the dust down in the summer.The developer risk is if that solid ever gets tested (phase one or phase two environmental study) you may have to dispose of it as toxic waste, which is super expensive.

Because two things: first, if you can't save enough money to make a down payment on an investment property, you shouldn't even be in this game, and second you are going to need cash reserves to cover the infinity of things that can go wrong on a rental, which means you should already have some free cash flow coming in from somewhere to account for that before you even rent the place out.

You might be able to use cash based accounting and simply record September rent in October (talk to your cpa) or my work around would be to create and account called “owed form PM”.

If I were you, I would log into your Airbnb account and re-review your cancelation policy.

The sponsor was required to contribute 10% of the equity which I felt was pretty good, but I didn't account for the fact that the 10% might have been split among five or six GPs.

Put that in a high-yield savings account, and in a year or two, buy again, rent the previous home and repeat the house-hacking in your new place.After five years or so, you have maybe three places.

However, if ego dictates to upgrade the photos, you simply create a Zillow account, put it as "For Sale By Owner" for a price higher than it would sell for, upload the desired photos, wait about a week and then cancel the FSBO.

My accountant has this in their inbox as well.

Everything was running fine until Underwriting wants to know about the 10% for reserves in the HOA account.

Use that time to learn basic accounting and bookkeeping.