Provide a detailed accounting of deductions, along with the invoices, to show you’re acting in good faith.

When I purchased the property, it had the basement with tenants but the rental income wasnt taken into account and it was just considered a two flat, as it had two units in addition to the basement.

We plan to stay in this house for more than 5 years unless another great opportunity arises, but maybe it is best to allocate a bigger portion of savings to our real estate investment savings account than our home improvement savings account for the first few years.

Is he part of an organization: CHECK.     

I will say, short term rentals require a bit more work, and if you are moving out of state, you may want to take a look into getting a property manager ( take that cost into account when running the numbers ).I hope that helps, reach out if you have any more questions. 

Biggerpockets has a ton of free accountability groups which will keep you on track for your first investment and also teach you along the way! 

Comps do not lie, if she pulled similar ones then that's what it is but if the agent did not take into account the bedroom and lot size that would change the value.

That’s like depositing $300 into a savings account every month.Plus, it’s an investment property, so you can depreciate it to save on taxes.More Than $1,500This isn’t just about making $1,500 in rent—it’s about building long-term wealth.

It lacks organization, members are logged into WhatsApp and the community is expected to support one another.

We use DealCheck to underwrite deals and QuickBooks Online for everything related to accounting and budgeting.