Additionally, not all transaction types support Locations, meaning you'll have to create journal entries to correct them—requiring a solid understanding of debits and credits, which can be time-consuming and error-prone.Instead, I recommend biting the bullet and upgrading to QuickBooks Online Plus for each entity.

@Tim Holt Come February, it's legal to create an ADU by-right on any single family property in the entire state.

Without REPS, the depreciation will create passive losses that can offset rental income or be carried forward.

One of my friend happens to be a RE agent, landlord and a property manager himself and he seems to feel that as long as she pays rent on time and does not create nuisance, not to worry much and just keep do a quarterly property inspection.

If your Real Estate goal is to create ancillary income for yourself in retirement (or even sooner), then anyone telling you to sell doesn't understand the goal.  

I know I can create a series of my own documents regarding this in Word and Excel, but am wondering if there is some kind of software package out there that handles this problem?

It will cut down on the fake accounts created to promote certain individuals, markets etc.

Purchase price: $630,000 Cash invested: $120,000 Completely gutted this property, brand new electrical, furnace, propane, finished basement to create separate unit.New garage with rental unit.

Stocking your Airbnb is an opportunity to create a standout guest experience.

For wholesalers: How are you adapting to buyer preferences or creating irresistible deals despite tighter margins?