Any additional tips or corrections would be greatly appreciated.Example:If the PM sends an owner statement showing:Gross Rent Collected: $3,000Property Management Fee: $300Miscellaneous Expenses: $200Net Rent (Amount Deposited): $2,500In QBO, I would:Record an income entry of $2,500 for net rent.Separately, record any additional expenses paid directly, such as:Mortgage: $1,200Insurance: $100Property Taxes: $150Summary:Property Accounting: Handled by the PM company and detailed in the monthly owner statements.Corporate Accounting: Recorded in QBO, focusing on net rent income (after PM deductions) and any additional expenses incurred.Please let me know if this approach is correct and if you have any suggestions or adjustments to ensure compliance and accuracy in my accounting processes.Thanks for your guidance!

I have a background in design and come from a long line of handy people as my Grandfather and Father have both done their share of renovations and home construction.

If you plan on building a home or a few homes on the lot then I would suggest a construction loan and if it is just a land purchase then a bridge would probably be the best option. 

I’d also appreciate any general advice or tips anyone has to offer. 

Using my VA home loan and renting out the other bedrooms I figured that would be the safest way to get started. 

I have not found guests taking it home to be a problem.

State law is not on your side, you often deal with desperate people dealing with the four "Ds" (Death, Disease, Divorce, and Disaster), and the home runs that get the glory on social media are rare birds indeed. 

Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.

Specifically, I’m interested in discussing:-Trends and opportunities in the San Antonio and Austin real estate markets-Tips for successful cosmetic renovations and cost-saving strategies-Potential partnerships or joint ventures on upcoming projectsFeel free to share your experiences, insights, or even just say hello!

For me when I'm estimating rental income I start by looking at the area for active listings <40 days old with similar characteristics to the home you're looking at purchasing (trying to find same bed/bath count, and same amenities like in CO homes with a fenced yard do very well because everyone has a dog).