My current solution of using Baselane is by far the most cost effective and easiest, but it still requires that I spend time bookkeeping.

Sharing your journey with detail and actual numbers from a Midwest guy is incredibly useful and motivating (also 24, just landed my first deal yesterday, and from Midwest!)

The homeowner insurance market right now is a dumpster fire with carriers refusing to write business and creating incredibly tight underwriting guidelines.

What financing strategy would be most effective?

Rehab Scope:Cosmetic remodel: Painted the interior/exterior, updated the kitchen cabinets and countertops, and installed new flooring.Modernized fixtures: Replaced light fixtures, outlets, and switches throughout.Enhanced curb appeal: Painted the brick exterior, added landscaping, and modern black accents.Timeline: Completed the rehab in just 4 weeks to minimize holding costs.Strategic Upgrades: Focused on cost-effective improvements like vinyl flooring and fresh paint, wh What was the outcome?

If you have not heard of the Dunning Kruger effect, look it up.

My thinking is that by renting to a residential care facility I can effectively utilize all the space, earn above market rent, and help provide a needed service, while avoiding tenant parking jams. 

@Sebastian NadalI've used Zillow Rental Manager to screen my tenants and have found it effective.

I started with the Simple Start plan, but as I learn more about the software, I realize that to effectively classify income and expenses per unit, I need to use Classes and Locations, which are only available on the higher-tier plans.I’ve seen suggestions to use units as customers as a workaround, but I’m curious if anyone else has tried this approach or has recommendations for managing multiple units in QuickBooks with the Simple Start plan.Looking forward to your feedback!

I’m here to connect with like-minded individuals, exchange ideas, and continue learning from this incredible community.