For yearly filings, ensure you are aware of and adhere to state-specific requirements for annual or biennial reports, and timely file both federal and state taxes using software like TurboTax or H&R Block, or consult a tax professional if needed.

entp.hud.govYou also want to make sure you run the math to ensure it passes the "Self Sufficiency" test where the unit rents must support the PITI by using the 75% and vacancy calculation. 

Tips to ensure success if you are located outside the state/city the property is located. 

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

@Kwok Wong ensure you are inspecting the pictures of those properties. 

It's important to supervise your manager, at least for a while, to ensure their words back up their actions.

**Additional Tips**: Any other advice or insights from those who have successfully set up and managed an LLC for their real estate ventures would be greatly appreciated.I want to ensure that I set things up correctly from the start to avoid any legal or financial issues down the line.

Here are some key considerations and potential pitfalls to keep in mind as you plan this approach:Market Research and Property Selection:Local Market Conditions: Ensure that the Tahoe area's real estate market is stable or appreciating.

When I went to enter the apartment to ensure the outlets were working again I was greeted by her dog (deposit paid) and a second large dog of which I wasn't aware.

Fire department will inspect the property at various stages to ensure the property safe to live3.