The tenant moves in next week and I will be doing a unit walkthrough and orientation with him where I will go through the key parts of the lease since he didn't sign it.A couple other things that are different from typical MTR stays:- They are not using my property management software (RentRedi) to pay rent.

Check local regulations.First, verify that your local zoning laws, HOA rules, or condo bylaws permit renting your property.2.

@Glenn N.Typically when lending you pay taxes in your home state only but if it defaults and you foreclose then you own property in Florida and would be subject to Florida taxes

I own 1 house and starting the rental process now with a property management company in El Paso, hoping to buy another home next year and expand the business!

For a single family home the size and scope you're describing, I wouldn't involve an architect unless you're looking for end-to-end project management.   

House hacking is a cost-effective way to reduce housing expenses, manage tenants, and build equity.

The 1245 property (think personal property and bonus depreciation) is recaptured at ordinary tax rates though… so the new property must have an equal amount or more 1245 property. 

Say we buy a property for $1 million, but we structure it so it's 0% down but a bank/note buyer is in place at closing to buy the note from the seller at 80% value so they walk away with 800k in cash. 

They also have tools for on boarding investors.There are property managements softwares to help with property/asset management.There are CRMs that help with capital raising and investor automations.I would not focus on automation right now, but on the business of multifamily.

This allows me to get into a great property and leave the bank out.