KeyCheck is integrated with FF and works well.FF provides a great overview eBook (see link below) that you might want to review before buying new software. https://www.furnishedfinder.com/Resources/best-practicesI hope this is helpful to you, all the best!

Purchase price: $480,000 Cash invested: $24,000Purchased using a 5% down conventional loan.

Hi Cindy - It depends and difficult to provide detailed answer without evaluation of specific situation as SE tax hinges on whether your income is classified as active or passive.

Lastly, if you don't need to live off the cashflow another way to solve this would be to save/stash the cashflow from the properties for the first 3-6 months in order to "build up" the reserves over time - this is, of course, assuming that there is cash flow from each property.

So we had to prove the unit was existing for more than 20 years but providing public records and voter logs and getting neighbors to sign statements.  

Focus on cash flow and ensure properties generate positive cash flow after all expenses.

We have had to change strategy every 3-5 years looking back to when I started, and it has gotten harder with every step.If you are after cash flow in 2024, go buy a business.

Investing is so neighborhood specific that a general mentor would only provide basic information that is free on any podcast or social media. 

At $130K for a property that rents for $1,600/month, you’d already have a strong cash flow setup.Before moving forward, verify local rental demand, especially for MTRs, and review any landlord-tenant regulations in the area.

Again, all I have to do is download my bill into a folder, and the rest is taken care of.I'm not a fan of paying utility bills because they eat into your cash flow, and the tenant may not be as "resourceful" with their usage if they aren't getting hit by it.