For instance, your rent may be $1000 per month and section 8 may only cover a portion of the rent, let's say $800.  

So, for example if a tenant was giving you a specific type of issue that was not clearly covered in the rental agreement you simply add it with 30 days notice and then evict for breaching the agreement.

., payroll, invoicing for non-rental income), you might want to keep both.Ultimately, it depends on your specific needs:For property-specific accounting, Buildium is likely enough.For broader business finances, consider running both or consulting a CPA to see if Buildium covers all your requirements.

There seems to be a glut of STRs in every major market, yet there are RE agents out there telling people that there is demand.There may be demand, but if the owner cannot book their place to cover the costs, how can RE agents be out there telling people that it's a good investment? 

How to take, save, display, and organize pictures. 

Roof: 7-8kHVAC: 4-5kWell Filters: $0 -3kStain: 4-5kFurniture (Entire house): 8-10kAppliances (stove/fridge/dishwasher): 3KI think I've covered all the big ones. 

Since you will have what I assume is an atypical unit mix, you will likely need to look at what different unit size buildings are selling for.I.e. 5x 1/1s are $250k/door.  4x 1/1s are $265k/door and 4x 2/2s are $325k/door, you could assume covering to a 4 unit will value the property at around 1.12mm (3x265 + 1x325)vs 5 one beds being worth 1.25mm.  

Everyone starts somewhere, and you're at a good start in that you have a big picture of the steps, but there may be a few detailed steps in between that would make it complete.Areas where there is clear transformations are great areas for finding deals. 

So I am familiar with soflo.One strategy I am trying to implement is The 4-3-2-1 Strategy:Start with a 4-unit property: Live in one unit, rent out the others to cover your mortgage and expenses.Repeat with 3-unit, 2-unit, and attain your dream home last (1 unit property)After 12 months of living in each property, consider a cash out refinance to use equity for improvements or further investments, if beneficial for you.Build a real estate portfolio of 10 rental units in a 3 year span while generating rental income.

I actually have a creative financing course that covers all the options from seller finance to sub2 to DSCR to rentals so if you have any further questions let me know as I have a student that bought rentals in your area due to student demand from the college.