There's no real perfect solution.

Then as you build your portfolio look to hire a new Tax Accountant or CPA to match your growing needs.

.- Tell them they'll have to provide you with a copy of their renter's insurance naming you as additional named insured, with a minimum of (I use $300,000) liability insurance, also before they move into the unit.It's not perfect, but it's a start toward a tenant transparency.

.- Unfamiliarity of software with my Bookkeeping and Accounting team.Altough not ideal, you may want to pay and do bookkeeping on both platforms for 3 months to see if you 100% want to make the switch.I still use Quickbooks, but the desktop version, it runs perfectly for all my bookkeeping needs.

I personally hate the concept of shared utilities, there is just an innate unfairness about itAnd to be perfectly honest - this is a major due diligence oversight.

Perfect renters!

I understand it will be hard to match (if not impossible) the 10% yearly income and 5% appreciation of properties (those are my numbers).

Larger cities offer better infrastructure, such as international airports, interstate highways, and a broader talent pool, making them attractive to businesses and tenants.Avoid Rent ControlRent control laws can hinder your ability to adjust rents to match inflation, limit tenant screening, and complicate evictions.

Im in a good place now.Its certainly not a way to quit your W-2 in 1,5,10 years or even at all,  but a perfect way to build wealth through real estate with out putting much effort into at all.

With the expanded threshold, landlords can turn to skilled, unlicensed workers for quick fixes—perfect for tenant turnovers or routine maintenance.3.