Can anyone recommend software which would accept monthly payments (from me to seller) and create proper 1099 forms for tax purposes at year end? 

I would just take into account that a lower down payment will mean a higher monthly payment so be sure to run the numbers conservatively in order to ensure your STR revenue is able to carry your monthly payment with this higher mortgage cost. 

I know they’re an essential tool for analyzing a property’s financial performance, but I want to ensure I’m approaching them correctly.Could anyone share examples of what a good T-12 looks like or highlight key items I should make sure are always included?

His focus was on location, tenant demand, and ensuring the property could handle at least a 1.25 DSCR even in a downturn.

Building a trusted network of contractors will save time and ensure consistency as you scale.

Some insurance companies offer policies specifically designed for owner-occupied multifamily properties, so it’s worth asking about that option.The key is ensuring both your personal residence and the rental unit are adequately covered.

For your first guests, go the extra mile—leave a welcome note, provide thoughtful amenities, and ensure the place is spotless.After their stay, send a friendly message like, “Thanks for staying!

My goal is for the foundation of my company to be solid and to grow properly.

Once I submitted everything to the title company to complete the transaction, I learned that the seller had not gone through the proper processes when she inherited the house.

You should learn how to analyze property to ensure it's going to pay for itself.A couple suggestions:1.