Tools like QuickBooks or even a simple spreadsheet can help you mentain compliance and prepare for audits.Reinvest WiselyScaling a short-term rental business often requires reinvestment in marketing, property upgrades, or even hiring help.

Purchase price: $650,000 Cash invested: $138,000 My business partner and I picked up this 25 lot mobile home park in Owensboro through a wholesaler.

The answer is relatively simple, it's landlord fatigue.  

Why pick one over the other?

@Mike Dymskiagree - a lot of new investors are trying to pick a market based on solely on math. 

An attorney can cost you a lot, and winning in small-claims is simple enough (in NC, at least).

BP has a book on Partnerships written by Ashley Kehr and Tony Robinson.On the technical side I would suggest partnering on a single flip which can be done with a simple JV agreement before jumping into creating an entity and crafting very good operating agreements.

Just make sure to vet them carefully.Overall, my advice is to keep things simple for your first deal.

We can only do the best we can trying to beat the fraudsters by leveraging tools.Regarding fake SSN the screening services picks up on mismatches.

I feel like that sounds simple but in reality would hold up the leasing process for tenants that are not proactive.