Hi @Mike Paolucci,I am local to Columbus and preparing foundation for investing at the moment.What has been your experience with short term rentals in Columbus and which neighborhoods are doing well?

We are preparing our house to turn it into a long term rental unit and plan to house hack a duplex or fourplex (along with our 4 kids 😜).

I need to prepare for tax filing and potential audits, but I'm unsure if receipts for every expense are necessary.I had an incident where the PM mentioned a referral fee of $350 for a tenant, but the bill showed $400.

However, if I will get a job somewhere, it will be much easier to get accepted for the loan and I'll be able to do it earlier.What would you recommend me to do and what else can I do right now to prepare to invest in real estate?

What are the best ways to prepare for the Law & Safety and General B license?

Your tax preparers?

FSBO's almost always think their property is worth more than it is, are difficult to schedule showings with, haven't prepared the property to sell, are unwilling to negotiate, and they almost never know the sales process or have the software or the contracts to make the transaction go smoothly and keep the deal from falling apart over little things (very common when there are no agents to act as mediators, buyers and sellers have inherently opposing interests and tend to argue then cancel the deal).

None of this is of concern, but just be prepared if HOA dues go up and/or special assessments. 3.

HOWEVER, be prepared that an u/w may find the numbers higher than usual for the area and may scrutinize this further. if there is indication this is room-by-room, it likely will be a no-go, and you could end up being hit for the expense of the property without any income to help offset it on your DTI. 

You may want to consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.