Thank you man!

This formula incorporates additional factors and expenses, many designed to consider parents’ financial needs.The Percentage of Income ModelLast but not least, six states (Alaska, Mississippi, Nevada, North Dakota, Texas, and Wisconsin) use the percentage of income model.

Although after speaking with other investors, some are telling us that it is not necessary to start a corporation for our first investment and its better to just buy in our personal names and incorporate later.This sort of advice that we have received is based on the information that a corporation costs more to start up and maintain.Should we incorporate now or later?

For capital improvements, get a good handy man (i.e. not through property management).

A little background: I live in the Nashville area, currently work as a CPA in corporate finance, and have a couple of rentals that I manage (1 long term and one STR).Thank you in advance for any advice! 

Enough man.   

@Daniel BruyereCongrats man!

@Gregory Schwartz thanks, my man!!

They are much easier to install and can usually be done by one man.

Here is my story about house hacking at 22 and what I learned and regret: https://www.biggerpockets.com/forums/922/topics/1133476-hous...Best of luck to you man!!