You can create a website in seconds nowadays but I would also provide him a pitch deck to show how this works and that he is not going to have to evict you in 5 months because payments are not being made. 

and any other advise would be great. 

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

In my opinion a fully passive RE investment is the most risky because you give total control to others. 

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

There's other dialers out there that's more custom tailored to organizing calls, lead follow-up plus much more cost effective and honest with a live customer service line.

Quote from @Makani Donaldson: It is simple, but not easy.Network with other investors.

You might want to check out listings in your neighborhood to get an idea of the going rates and what amenities other hosts are offering.

And, more importantly, unlike many other statutes they are actually rather easy to read, comprehend, and sort through.

Investment Info:Single-family residence other investment.