The payments and receipts are good with buildium by dady to day accounting if you want a true financial statement kind of sucks and very klunky at best.

Rules and restrictions, and traps that don't apply to any other kind of businesses, only the rental market.I think this puts the landlord on the defense.

Feel free to share your personal experience around these kinds of folks.Thanks, and Merry Christmas!

@Jon LatorreWhat kind of annual rental yields do you get in a non-Covid world?

Hi Anthony-You asked about the best ways to find off-market deals for your in-laws to buy and move into and you are focussed on the Santa Barbara, CA area which I have been to and it is gorgeous.It kind of reminds me of an Ann Arbor on the ocean. :)Anyway, I like your strategy of driving and looking for houses in need of repair and sending handwritten letters and contacting rentals for the reasons you gave.

Let's see: You sell one property, and to avoid paying cap gains tax, you then reinvest those profits within 45 days into a larger "like kind" property.

What kind of property did you buy?

I would guess that you have little or no experience running any kind of STR, and now want to get that experience on the back of someone else's investment, with little or no personal skin in the game, and that's not a good way to build an investment portfolio.

Any tips on marketing or preparing a property near a military base for this kind of rental?

BUT, my business was built on being kind to tenants, and fair to owners.