Thanks for your reply

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.

Here's a framework that you should know for tax planning:The further you can push your taxes out, the smaller they become.The time value of money shows us that a dollar is worth more today than 20 years from now.Planning is used to kick the can down the road, and make sure there will be available cash to pay the tax!

The Long-Distance Real Estate Investing book is a great one to get the lay of the land on doing it from afar, but getting on-site experience will also be important in your journey.

REI is a great thing to start to learn about so you are pursuing something with great long-term value, but you have to know that it's not a quick road to get out of the rat race.What financially free means to you could mean something different to someone else so usually what people are seeking is time freedom.

Up to you - there are definitely perks to using an agent, especially if it's someone who works often with investors and knows how to market them.

Curious - what platform are you mainly using to rent it out?

This is something you do on your own units policy.  

In my experience, you can purchase the existing home and the encroachment is grandfathered in, meaning the vacant lot owner can't force you to move it.

It’s also a more intimate relationship.