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We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

Technically L&I does not have to issue a new rental license after the 3 year period has lapsed but sometimes it does.

You might be through the pay-or-quit and filing periods by the time the lease ends.

Leveraging my expertise in property acquisition and renovation, I guided the client through each step—from identifying the ideal property and negotiating the purchase to overseeing the conversion process.The conversion involved reconfiguring the existing layout to add an additional rental unit, ensuring compliance with local building codes, and maximizing space efficiency.

If you are looking to rehab, it is more efficient and cost-effective to rehab all units at the same time. 

If you have any recommendations or are willing to share your experiences, I would greatly appreciate it.As I prepare for the inspection period, I want to ensure I cover all bases and make informed decisions. 

For the amortization period, go as long as you can (often 30 years) as that will lower your payments. 

I will likely also self-manage as I have a solid team in place in this local town.   60k could come in a bit low for reno depending on how far we take it but I have a very efficient team in place. 

Yes there’s periods where there’s more work and periods where there’s less but once you develop a team it’s quite easy.