Speaking of Quickbooks, if a tenant goes a few months without paying through the app, you have to re-connect them to Quickbooks after the tenant calls because they are unable to pay. 

However when I choose a property im considering putting and offer on, I run into issues like existing tenant or vacant with repairs needing to be made before rent ready which is essentially what I’m looking for to force the equity myself.The problem is that I’m unable to find PM or contractors willing to translate what the inspections are showing, what needs to be dealt with, and for how much before closing.  

I was unable to file any tax filings because he engaged a new accountant whom also had a JD and testified against me in divorce after stating he was not conflicted.  

However, the fam member installing them for me is only a licensed HVAC contractor in FL so he's been unable to buy the units at the regular retailers that would regularly sell it to him (like Bryant, Johnstone Supply, etc).  

@Andrew Warren I would also mention the LTC for new construction spec is typically 40/60.

Even small, common mistakes like renting below market, picking the wrong tenants, unwilling/unable to enforce lease terms, slow turnovers, or unscrupulous contractors can cost more than a good PM will charge, and that's before you account for your time and the stress.If you have the personality, I recommend self-management for anyone who lives within 1-2 hours of their investments.

Moreover, if you're unable to or decide not to continue with the purchase, you'll likely lose the tax deferral.

Claudia - I faced a similar situation few years ago with a new construction purchase (unable to get in touch with PM for updates, no lease after 3 months, etc).

Many of the homes and condo complexes are near wildfire areas in California and the buyer is unable to qualify for conventional financing with Fannie Mae or Freddie Mac loans because many insurance companies won't cover the property.

I think i’m experiencing some anaylysis paralysis (the feeling of being unable to start something due to overthinking and/or over researching the situation.)