I would search the BP forums because your tax / legal related questions likely have already been asked.However, it doesn't hurt to still ask the forum what your questions are.

Yes, do the tax exchange if you can.  

I am starting my first househacking deal this year and I will Segway that into my second deal by end of 2025.
I would love to hear all you experts and pros with experience to tell your story. If you are in the Seattle...

I'm looking for an all in one type of software where I can have a tenant portal for applicants, run background checks and credit checks, pay rent, track maintenance, as well as have a book keeping service for taxes at the end of the year.

Yes, property taxes are higher for investors but not terrible. 

My mistake for not inspecting the property beforehand. Paid 12800.based on google mapsThe property is a mess. Need to clean the junk out of house .. hoarder . Bathroom and kitchen need redone. Large tree in back is de...

They also like the tax benefits associated with ownership.I've taken both approaches and have benefited from each.

I did not see taxes taken out for profits.

Consult your local CPA to calculate accurately and minimize your tax liability.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.