Quote from @Kris Kempe: Hey BP fam, Have a single family home I got under contract and planned on wholesaling.

Alternatively, if you’re using QuickBooks Online with a plan that includes the "Payments" feature, you can collect rent directly through QuickBooks while staying on top of your bookkeeping

On the other hand, self-education through books, podcasts, and free resources is cost-effective but requires discipline and a clear plan.

I myself am in a similar position looking to acquire a secondary home in the Banner Elk and would plan on using as a STR and would love any input on your findings!!

I plan to live there with my wife.

I contemplated appealing it, but I figured I would go after the PM instead, which I plan to do.

Some other factors to consider - How long are you planning to hold this property?

A potential goldmine for those seeking to increase property value and generate rental income.However, navigating this opportunity requires strategic planning.

My plan is to live in one of the units while renting out the others.

@Kenneth Joseph Perfido If you’ve moved to a new state and plan to conduct business there, you generally have two options: register your existing LLC as a foreign LLC in the new state or form a new LLC in the new state.