I do suggest putting the asset in the app ASAP to lower the audit risk.You can meet Substantially all participation tests (test no 2).

I'm okay just keeping the equity increase for now, but any tips on how to raise rent given the renovations I did already? 

I’m looking forward to gaining valuable insights from the community, sharing my experiences, and helping where I can.If anyone has advice or tips about wholesaling or growing a real estate portfolio, I’d love to hear from you!

I also want to say that if you’re marketing to traveling nurses, the key things they want are 1) black out curtains; 2) quiet, and 3) to bring their little doggies (so he pet-friendly.Another tip is when using Furnished Finders (which is a $99 annual fee per listing) if you have a multifamily, just get one FF account per address, and then as each unit becomes vacant, just change the pictures and listing copy.

I would recommend dropping the rent to get it occupied, and only raising rents slightly while occupied and making more significant jumps to get closer to market rate when a tenant has to relocate and cannot renew.Jesse, we've got quite a few new and newer duplexes in Lubbock and have not had any issues getting multiple qualified apps per vacant unit within a few days of listing it.

I want to provide a safe, structured living environment for individuals transitioning out of recovery or other challenging situations.I’m new to this process and was hoping for advice on the following:How to navigate zoning laws and permits in Montgomery for this type of setup.Licensing requirements for sober living or group homes.Strategies for finding residents or partnering with local organizations.Financial and operational tips for managing this type of property.I’ve heard zoning can be tricky and want to ensure I comply with all legal and safety requirements.

You are off to a great start so far @Jed Butikofer.Welcome to the community and be ready for a huge amount of information at your finger tips.

If there are any specific tips specifically trying to rent by the room house hack in a college, like things to look for in the house, how to estimate the correct rent, or anything similar to that i'd really appreciate the advice. 

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

What are some tips to estimate what these expenses will be 6M, 1yr, 3yrs post purchase?