Alternatively, in a QBO Simple Start or Essentials subscription, if seeing profitability by property is important, you could still structure your chart of accounts to reflect each home, though your P&L will be a bit more lengthy & harder to digest.If you have any questions, feel free to reach out, happy to walk you through the pros & cons of QuickBooks options!

We did consider/evaluate that option, and have done multiple flips, but at those points have been under contract since New Year's Eve and carrying costs for another 2-3 months without a guaranteed sale is not the risk we want to assume.

Detroit would be a solid option if you're strategy involves a little more risk for potentially higher cash flow. 

Your other option is to test it out and see if you can make it work. 

If the condition is similar to the market average but your rent is severely under market rate then I take an average between the current rent and the market rent and send them the following message 2 months before their lease is up (assuming you aren't in a rent control market),Dear Tenant,Some nice words and remind them that their lease is up within 2 months, please select the following options about their new lease, also mention that you are doing the best you can to maintain the rent as low as possible but with inflation, insurance and property taxes increasing, you have to raise the rent to keep up with the rising expenses. 1.

This means that if the bank forecloses, and you can’t pay it off, you will lose all of your money with no recourse to anyone.One option to secure your loan is if one of the partners has a free and clear property worth significantly more than your loan.

Be sure to research rental demand, zoning laws, and financing options before deciding.

I do not have enough information to casually advise you as to your best refinancing options.

Charleston is a great place to start, and keeping your options open is a smart move.

Easy Street is a good option BUT you need CASH in liquid checking/savings for down payment of 20% and BIG chunk 2-3 times loan amount to buy out of a prepayment penalty.