If you want your rental to be successful, you must continually educate yourself, have strong policies and procedures, and be prepared to take action against bad behavior.The best thing you can do right now is start looking for a professional property manager.

Create an LLC, transfer ownership from your personal name to the LLC, and speak with a real estate attorney to streamline this procedure.

I had an introductory phone call with Zach (this is his standard procedure) and we discussed my goals and then he explained his business, how he got to where he is, how the business could help me reach my goals, etc.If you would like more information, feel free to reply here or I would also be happy to connect!

We have all the same rules and procedures and use QBO for as our accounting software with all forms of payment accepted- online, ach and regular mail.We encourage communication. 

It falls under the automatic consent procedures, so it does not need approval - it could still be audited though 3.

You should have your attorney review Revenue Procedure 2002-22. 

Some rules/procedures may differ from state to state, so it never hurts to have a contact in the different states you plan to be in.

Once the title is clear of those pesky old liens, you'll be good to go.This is not legal advice, so speak with your attorney for actual procedural issues.Keep investing and moving forward!

Call the County Assessor and ask about the procedures.

I’ve been listening to the podcast for about four years now .I just decided to step it up and be active on the forms as well as upgraded to pro and I’ve been using the calculators on daily basis and it’s been amazing .I live in North Hollywood, California and I have four rental properties in Kansas City, Missouri.I am to grow my portfolio with cash, flowing assets and open for partnerships.I am a General contractor here in California, having a lot of experience with the building  procedures as well as good couple hundred thousand in cash ready to invest, looking for good opportunities, and tired of standing on the sidelines.Thank you for this awesome community!