It's a good practice to overestimate costs and underestimate after-repair values (ARV) to keep your expectations realistic.

But again, your profit after selling costs (and any capex improvements) would have to be in excess of $60ok to really make sense.

Keep records of the payment timing to substantiate your reporting if needed.This post does not create a CPA-Client relationship.

Success stories are happening every day,  I have clients breaking record rents on house hack more so than ever.  

Quote from @Simon Walker: Quote from @Andrew Syrios: Could you "split the difference" so to speak and go back to work for yourself but limit the number of clients you take on so you only need to work 20 or so hours a week?

If they work independently, set their schedule, and use their resources, they might qualify as a 1099 contractor, but misclassification risks IRS penalties.Wages for W-2 employees and payments to 1099 contractors are both deductible business expenses, but compliance is key.This post does not create a CPA-Client relationship.

What was the of the $8,000 annual bookkeeping costs between the software and the cost of the bookkeeper?

I'm from Tampa Florida and I have a few clients that leveraged their portfolio to buy new properties.  

Hi @Elias Halvorson,Both markets offer lower costs of entry and opportunities for cash flow.

If you don't, it can cost you everything!