If their 14 year old daughter lives with the dad...then they already know mom is looking at the rental and may have told her about it.You don't need an addendum.  

Read the Bigger Pockets Book by Avery Carl called Short Term Rental, Long Term Wealth!!

If you have that much cash, buy rentals with a DSCR loan, and then use that income to qualify for the primary residence.

I am looking at a property with a property management service in place and they charge 40% for each rental.

I need some advice on rental bank accounts.

There’s definitely some things to be wary of, particularly the Rental Registry within the Syracuse City Limits.

For business owners, having a separate legal entity, such as a corporation or limited liability company, provides the unique ability to create a credit identity with business credit reporting agencies, also known as a business credit profile.Reality check:  > Funding your business with your home equity or personal savings/guarantee is a HUGE risk  > ~45% of Small Businesses applied for a Business Loan in 2023  > Less than 2% of SBA Loans are actually funded/approved  > 29% of Small Businesses FAIL because thee run out of Capital  > Your company’s name on a credit card is NOT corporate credit (if you used your FICO score to get it)  > Business (EIN) credit will open new ways to finance your growthIf you keep doing what you've always done, you'll keep getting what you always got!

Here are some things to consider:Most investors don't need software until they have 5-10 rentals.

Although leasing activity is down 63% from pre-pandemic levels, the pace of new vacancies is slowing, reducing unoccupied space from 58 million to 44 million square feet over the past year.Multifamily PropertiesHigh mortgage rates have boosted demand for rental units, with net absorption up 90% year-over-year.

House hacking is such a great idea for your first rental and gives you a lot of flexibility.