Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I have worked with a number of great CPAs over the years and would be more than happy to provide you with recommendations if you'd like?

I believe it will be enlightening and will provide some clarity to my post.By the way I am retired on RE investing (actually i have made enough money in 3 different sources for most people to retire on any one of them). 

Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.

Inconsistent Cash FlowUnlike traditional jobs, real estate doesn’t provide steady paychecks.

I position my inspections as 'planning for future repairs/improvements' which mitigates that whole 'he's here to get my security deposit' mindset.And, I would rather have the tenant with me than to have him later claim that something was broken during the inspection.  

.- I will keep their security deposit for funds owed.- I will do my best to garnish future wages until their debt to me is paid in full.This has worked 100% time so far.  

@Josh Jung do you recommend any providers?

This will provide some amazing long term appreciation!

My vision for CountOnCam LLC is to be a company that would like to provide a shared housing experience for women and children, immigrants, and low income families.