For the STR tax loophole I would speak with your accountant on the specifics.

That bank/lender who holds the Heloc will reduce your credit limit and close the account until paid and scores improve.Cash out refinance is tax free, allows you to have higher liquid reserves, PITI reserves for multiple investment rentals, be cash strong for earnest or for a quick "All Cash offer". 

Hi @Sam Liu it's fairly common to charge an additional monthly pet fee for MTRs to account for any additional wear and tear on furniture. 

It easy for accountants to use. 

Hi @Zachary Reiff,From an accounting/finance standpoint, QuickBooks Online is your best bet for an all-in one software.

Closing costs vary but are usually at least a few grand in addition to the origination fee which tends to vary between 1-3% of the loan amount.We have a simple yet detailed fix and flip calculator (cash flow tool) that clearly accounts for all of the relevant costs and gives you a sense of net profit, ROI and total cost associated with each project.

Also how do I make sure all secondary damage such as gutters, siding, windows etc are covered and accounted in insurance claim.

We use baselane, so is there a simple process with accounting software that would make this easy?

What do you think about my other strategy of doing seg study and bonus depreciation on all my rentals for the year 2023 (have not filed it yet) to do the following:1- To get a bigger loss carried forward to 2024 to offset the sale of 3 properties instead of 2 in 2024. 2- Or, Since I married a realtor this year 2024 (and we passed the IRS active participation test together), I can activate that loophole, use whatever loss (bigger lost if we can use the seg study) is left over from the sale of the property to offset my high  W-2 wages (way over the $150K threshold) in 2024. 

Like many (most) businesses it requires an investment of capital; money expenditure for ongoing marketing; management of operating, marketing and professional personnel; keeping accounting records and filing tax returns; established sales practices; constant monitoring of goals, budgets, and productivity; establishment and implementation of operational systems; and providing customer service.