However, this year it was crazy with the cap. expenses. 

I am NOT operating to where a late tenant payment affects my ability to manage my rentals and pay my expenses.

Interest Rates and Mortgage RatesImpact on Buyers: Higher interest rates can make borrowing more expensive, reducing the pool of potential homebuyers.

It has also gotten much more expensive unless you are willing to do such high deductibles that it makes you feel uncomfortable.2) Remodels: Not only is cost of construction high, but homes are only getting older, which means the projects are getting more extensive.

Once all three units are operational, you’ll have three income streams to support your expenses.Evaluating if it’s a Good Deal:Cash-on-Cash Return: After figuring out your total investment (down payment + repair costs + holding costs), calculate your net annual cash flow (rental income minus expenses like mortgage, repairs, insurance, etc.).

How are expenses so high on this property?

Typically each partner would just report their share of the income and expenses on schedule E. 

Additionally, it gives you the flexibility to sell or lease the properties individually in the future.One potential downside is the costs associated with subdividing or creating separate LLCs, including legal fees, taxes, and administrative expenses.

If your home is an investment property that you rely on guest stays to pay your mortgage and insurance and other expenses - be prepared for the community impact to you as well.Many mortgage companies will offer mortgage DEFFERALS during this time - it's a great way to manage short term cash flow - however, please keep in mind - this is NOT mortgage forgiveness.

Stessa is great if you are an individual and you are just trying to track the income and expenses on your rentals.Unfortunately, for Stessa, they do not have the ability to generate a balance sheet which makes it a no-go for any business.