To sue is the only option, that gets expensive and takes months...Spoke with our attorney this morning and sent him everything.

With tax season upon us I wanted to hear your opinion on the best accounting software out there.Like many of you, I've been juggling various aspects of property management, from tracking expenses and managing leases to preparing for tax season.

My plan right now is to stay at home for a year after college and save as close to 100% of my salary as I can (parents are happy to cover a lot of my expenses).

I think, though, that it's important to look past it and actually analyze expected rent vs expenses and mortgage payments.

Also look at the type of electrical wiring as that can be an expensive repair if it needs to be updated.

I would like to add to that I've just been busy with other stuff.I keep track of income / expenses for my 3 income producing properties in a spreadsheet.I also just bought a new home last year and still trying to sell the old home.

Have you run all your numbers, with gross rents for 8 months a year, minus all expenses, minus a big property management fee of 30% (and they should never charge for owner blocked time unless you are asking for cleaning, services,etc.)

You may estimate the expenses of renovation for a single-family home (SFH) or duplex by following these procedures and tips:Make sure you inspect the property thoroughly.

is it more expensive being 4 tenants?

You don't deduct income, you deduct expenses from your income.Generally speaking, losses experienced as part of passive investing (like operating long term residential rentals) can only be deducted from passive income.