However, I am a member of several different companies organized as Limited Liability Companies (LLCs) where members invest in a project (Single Purpose Entity) or projects (like a real estate LTH company) jointly, similar to (but different than) what you may see in a syndication or investment club investment.

Be prepared with copies of your Articles of Organization, Operating Agreement, and SS-4 letter from the IRS with your EIN assignment.Water depends on exactly where your home is.

Get your OFFICE ORGANIZED!!

I am very confused about tracking expenses and organizing it all since I can't completely separate my personal expenses from the rental expenses.

So much cheaper over there and cash flow seems more attainable, especially with STRs.

With that being said, getting 10% COC should be attainable with a 10% increase in rent.

I would call Quicken to see if they can help you or some of the other organizations mentioned in this article.

Two Organizations if you are buying in Philadelphia that a must join;Diversified Investors Group (This REIA is connected to the Greater Philadelphia Market and has 5 Sub Group Meetings in Philadelphia Alone)HAPCO - Philadelphia's Landlord Association Advocate - Landlord Eviction Program, Education and Sourcing where to go and how to do in Philadelphia Landlording.CDC's,  RCO's & or Neighborhood Associations - It is no longer by Zip Code sourcing deals in Philadelphia anymore it is by neighborhood designation.

In the pre-digital age of yesteryear, people organized in their Rolodex the business cards they accumulated from attending meetings and conferences.

(Full disclosure, I am a leadership and upper management consultant helping organizations with their projects and preparing their up - and coming managers for leadership roles.