We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

. - NOTE: any major renovations to a building may void the grandfathered exception and require upgrades to meet current building codes.3) As @Nathan Gesner pointed out, a single circuit can often be upgraded by running new 3-wire romex line from electrical panel to the plugs on that specific circuit.4) You can also install a GFCI plug (and not ground it) and that will often be acceptable.5) Why should the property owner be required or expected to upgrade the electrical, when it meets the grandfathered building codes of when it was built?

Select a coach that has the specific skillset you want and then pick their brain.

If you can provide us with specifics, we can offer some advice.

They are specific to Texas, but an attorney could modify them for your state.

Consult with a tax professional or accountant for precise guidance on your specific situation, as tax rules can be complex and may vary depending on your individual circumstances.

I would think that your broker would have some say in what you can and cannot do but I don't know the specific rules in your state.

Now, I work hard and am compensated for practicing at the top of my scope rather than being a W2 for a system that didn't care about my future.Let me know if you have any specific questions.

Is there a specific detail that makes this challenging? 

-The correct answer is, it depends on the Class of the property.BTW: there is no industry standard for Property & Tenant Classes, so the definitions are fluid depending on the location and investor opinion.We're in the Detroit market and if you'd like to know more about it, please PM us.