@Ashly FrassoRenting by the room can be a profitable but complex model.

We track multiple disregarded entities using the location feature and multiple properties using the customer feature (units can be tracked as sub-customers).

I also had horrific PMs, particularly involved with a 48 unit apartment complex in Houston.  

What if you have an apartment complex with 20 units?

@Saul Vargas, to piggyback off others, sourcing a traditional SFH rental that meets your underwriting criteria will be complex due to interest rates and market conditions.

Or maybe even an apartment complex 20-50 units 

However, the higher initial investment, property management complexity, and potential vacancy risks can be challenging.

You can take out a lot of complexity when you buy property that only needs maye paint & carpet.

It is somewhat complex to try to explain on a forum, but at a high level, you (aka GP) and your family member (aka LP) would agree on how much the 2 of you would put in for the amount of equity needed (usually expressed as a %).

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.