Some of the simpler asset protection solutions would include the following:  having max funds allowed in qualified retirement plan or IRA rather than personal as retirement plans are exempt assets in Federal and most state bankruptcies; investing through an annuity if your state (Florida and Texas for example) exempts insurance policies and defines annuities as an insurance policy; taking advantage of maximum homestead exemption in your state; use of corporations or more popular LLC or Series LLC to limit liability to the entity holding the asset; reasonable liability insurance if available; separating asset ownership from asset management; etc.I can design a simple, cost effective asset protection strategy of up to about $5million with little cost IF the individual resides in Texas or Florida.  

That’s an incredible accomplishment, and you deserve a lot of kudos for reaching this milestone.This might be a simple question, so thanks in advance for humoring me—does the property still cash flow if it were financed with a mortgage?

Yes, there are nightmare stories but the majority of investors don't have problems - the ones who bought going way back to the 1970's and 80s and those that got deals in 2008 (and didn't sell in panic and have to foreclose) have achieved incredible appreciation and wealth.

This makes the summer an incredibly busy time, especially with a lot of these turnovers happening within an 8-10 week span.

The 1% rule incredibly flawed, even as a short form underwriting technique.

I'm chez, and I've been lurking on BiggerPockets for a while now, soaking up all the incredible knowledge here.

It is the most popular software in the industry, and most Tax Preparers are familiar with it, which makes tax season easier.My Recommendation: Spreadsheets are usually fine for your first 1-3 properties. 3+ properties, you should use a software.

The other thing to keep in mind with self-showing lockboxes is that it's incredibly easy for someone use it as rent scam.

In the meantime, I've come to realise the PM is incredibly incompetent and unreliable, and have found a new one.

It also has become a popular travel destination over the last 5 years or so, so there has been an increase in competition in the STR space as well.