Filing can be done monthly, quarterly, or annually, depending on your total rental income.If you’re unsure or want to ensure compliance, it might be wise to consult with a tax professional familiar with Florida's rental laws.

We ended up having to pay a professional bookkeeper monthly to manage it.

Network: Build relationships with investors and industry professionals.4.

With you being on a boat for 28 days at a time, it might be helpful to enlist the help of a professional management team.

the answer is because this is what professionals do and it's the price of admission to really establish your real estate business properly from the outset.Having a lien, loan, etc. on the property does not indicate personal liability exposure to real property because being the borrower on a loan does not equate to holding legal title on the underlying property. 

But, I would recommend hiring an REI-savvy Bookkeeping Professional one day so you can focus on other higher revenue-generating tasks.

There are a lot of tax professionals specializing in real estate that can help you that are active in this forum.

Maintaining good credit for favorable terms, larger down payments for better rates, managing debt-to-income ratio, comparing interest rates and loan types, projecting cash flow, understanding property preferences, exploring loan programs, maintaining financial reserves, planning an exit strategy, and seeking professional guidance.

As a hard money lender who lives and works in the Central Florida market, I can tell you that building strong connections with local investors, realtors, wholesalers, and other real estate professionals is key to long-term success.If you’re interested in expanding your network and getting a deeper understanding of the investment process, I’d be happy to connect.

Quote from @Daniel Khan: Hi everyone,I am a finance professional in Toronto and I want to explore a career as a a real estate developer.