So at the moment, if you buy a property now and operate it as a 30 day rental, owners are not having any problems with the gov't.  

Does the operational company already exist and have income history?

I will say using QBO properly takes experience so it's not the best software for an REI doing their own books who doesn't have any training.

If you’re ever looking to invest in Florida, @Josh Green has a successful STR operations going on in the Tampa Bay Area that is providing his clients with solid returns year round.

I have decided to hire and train someone to manage my properties.

These are professionals with additional training and a stricter code of ethics.

In this case, you would draft an operating agreement that specifies each partner's role—your friend providing the cash and you handling the rehab and management—and that profits and ownership are split evenly.

Your decision to prioritize effective support and comprehensive features, even if it means higher costs, seems reasonable, especially when it's critical for your business operations.

Plug it in through bankrates calculators and run it compared to the amortized mortgage ******** that bankers blindly push on people because that is what they have been trained to do.

Not many landlords buy their rentals this way. although with all the guru training many are trying and we will see how it all works out.it takes sales skill to talk people into deeding you their home.. this is a highly charged emotional situation..