The rent just gets automatically transferred from the tenant's bank account to yours each subsequent month.

I was just told that the closing for the sell of the property was being delayed until the foreclosure accounting has been approved. 

Account Closed I am glad to see you have figured things out. 

It basically says that anyone who has a short term rental, needs to live a few minutes away, has to pay $1000 annual permitting fee, get regular inspections, must do it in an area zoned commercial, and any short term rentals must be over 30 days.  

Hi Account Closed, I have heard this saying where "a deal of a lifetime comes once a week."

Thank you @Mark Creason Currently, we are requesting him to replace "tested annually" with "by the end of 2018" as he orinally proposed,  and that we are willing to have financial convenant that requires us to have cash reserve enough for one year payment at all times to protect the bank's interest.We are hoping that he will agree.Also, the property is in CA. 

Originally posted by Account Closed:Most PM companies will charge for tenant placement (1/2 of first month's rent) and lease renewal ($250).

After discussing with my accountant she was under the impression that we could sell one of the homes before the 2 year/24 months of ownership and no pay capital gains (and could use marriage as an exemption).

To be honest, if you are looking for a single-source platform for outbound marketing, i'd start with ActiveCampaign and you'll be able to make the future decision on whether or not you'd like to expand into other platforms... if you'd like, feel free to reach out to me and I can set you up with a free account. 

@R RaniI also recommend @Michael Plaks as he is located in Houston and a frequent contributor of biggerpockets.All of us accountants went through a rough busy season lately.