They will handle the collection and distribution of payments, amortization, escrow accounts, and any tax documentation. 

As more people placed more properties in STR inventory, and as more municipalities taxed and regulated the industry, the profitability of the overall industry has reverted to a much more aligned (lower) risk adjusted return.  

I have my 2023 taxes Non W2 and hope to have my 2024 Taxes Non W2 back end of this coming week. 

Look for areas with stronger rental demand, lower property taxes, and minimal HOA fees to keep expenses down.

Utilized a low down payment loan, maxed seller credit, tax proration and closed on the 1st of the month to maximize my cash and acquire this property What was the outcome?

The Sewer Charge and Water Supply Tax may be higher now.Check if you’re now subject to automatic annual rate hikes based on CPI, which could contribute to the increase.4.

David,Yes, investing out of state can be a wise choice especially if you live in a State like CA, NY, NJ, CT where home prices are over priced and taxes are brutally high.

Of course, I had to make additional assumptions about the cost of property taxes, insurance etc. 

Also, cash flow from the rental needs to cover your mortgage, insurance, and taxes.

I'm looking for the cleanest & most visible way to access payment history, see amortization schedule, tax documents, etc- much like bank softwares provide.