I've been renting a house for awhile.. years actually.. and it has every problem you can think of.. mostly rats and bugs because theres holes and cracks in the doors and places in carpet where mice or rats been getting in and out. then guy raised my rent so i could get pest control but only does it like every 10 months. just say i found something better but the real question is this if i give my landlord a 30 day notice (im not on a lease) but the place im trying to move to might not actually be ready for maybe a week or two after the 30 day notice so in that time ill be homeless if i decided to move out after the 30 days..

Trying to figure out the most advantageous way to crack this nut from a tax and rental income perspective.

The most professional way would probably be to create a website of your own though.

What’s the most common way to keep track of your properties without hiring a professional acocuntant or manager?

Issue with PM - If you list more than one property you get PM or special designation on the site so people know they are dealing with a "professional"issue with vetting owners - We use Task Rabbit for properties that are far away to take pictures of the property and to gather personal information and paperwork.

Don’t ever let any financial professional tell you that “you don’t have a choice.”

Thanks guys...Julius John I meant the value would go down because currently there appears to be a window cracked and open food in the kitchen everywhere.

The more well-versed you are, the easier things will be and the more comfortable you will be talking to professionals throughout the process.2) Find a good real estate agent that you can trust.

The compliance costs are more than just paying professional managers and may mean more larger, institutionalized ownership (with resources for a law firm to constantly fight and full time professional managers able to keep up with all the rules)... 

I'm not a lawyer and not giving legal advice  -  I'm not a CPA and not giving finical advice  -  Simply my opinions@Ike MutabannaTo find a lawyer try checking on the Texas bar website www.texasbar.com You can choose specialties such as Real Estate and professionals with an office location near you.My $0.02 on the Series LLC concept  - I read David Willis' books - it seems he likes the use of Series LLC's for asset protection.