Bought house in 2020, so instant cash flow given the low rate and price.

Sellers may struggle to mentally shift from "owner" to "tenant," which can create challenges with boundaries and property care.Security Deposit:If you’re doing a temporary leaseback, be sure to collect a substantial security deposit to cover potential damages and ensure they vacate on time.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Tax free money is huge.I may have 100k of instant equity so I don't care about about tax write offs.

It will be easy for you to check if they paid on time, as you can check instantly online.  

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Since the payment was deposited into your account on 1/6/2025, it would typically be considered income for 2025, even though the tenant paid it on 12/31/2024.However, if you use cash-basis accounting (which most landlords do), the key factor is when you physically receive the money, not when it was sent or owed.

@Bob Asad at our bank, we have an escrow account for security deposits, it is set up with sub-accounts for each tenant with their security deposit amount and their SSN.

I mean, I could try to just memorize the math..The tool is called Cashflow Analyzer Pro with Deal Instant Analyzer from Asset AFC.

You can opt to automate rental payment collection so Turbo Tenant collects rent, and deposits it into your bank account.