Whatever you do, leverage smartly—DSCR loans can help you buy more without draining your cash, and depreciation will handle your tax burden for 2024.

If things get tricky, consulting a local attorney experienced in landlord-tenant issues can help you handle the situation properly.

They’ll help you identify the right areas, run the numbers, manage renovations, and handle leasing.Focus on neighborhoods with strong rental demand and properties that are undervalued / in need of manageable rehab.

While I have managers handling the daily operations, I still oversee everything remotely.

I'm starting to build the foundation so that when I get this experience I'll be ready and able to handle the business.  

Quote from @Patricia Andriolo-Bull: Quote from @Dominic Mazzarella: I believe that Stessa isn’t designed to handle all the nuances of depreciation and tax adjustments perfectly.

Then you'll need to build a team of contractors to handle renovations and to help with things such as property inspections.

You will need someone more local who is incentivized to be available to do showings and handle issues.

I know of other softwares, like Baselane that handle income and expenses all in one place.

A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.