You’ll want to make sure the rental income comfortably covers the new mortgage, taxes, insurance, and any maintenance costs.

I’m not an attorney or CPA, so I’m not giving legal or tax advice, but I’ve watched clients navigate 1031 exchanges by leveraging well-connected property managers and specialized lenders who understood the local quirks.

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

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. 

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. 

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.

If the PM screwed up your insurance claim, why did you continue working with them?

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

We have tight contracts and tons of email correspondence for a claim, if there's even any money left at this point.

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.