So Can you help me understand what else I would need in QBO? 

Through depreciation, other income taxes are offset, through debt paydown and appreciation, he's going to gain $thousands per year in equity.Subjectively, it may appear not to be a deal, but if the buyer understands these factors and wants the property, an entry fee under $10K sounds like a deal. 

Their agent, who was one of the worst agents I've ever encountered, probably doesn't understand how any of this works, probably talked them out of it.Was originally listed for $525k and we bought it for $443k with a new roof and a fairly long list of stuff being fixed at their expense. 

Understanding these rules is essential for investors seeking to capitalize on the short-term rental loophole while maintaining compliance with tax regulations.

Hello Storage Facility Owners and Operators,I'm reviewing the financials for some properties and seeking your collective wisdom on the operational benchmarks for running these facilities efficiently.We understand that, on average, total expenses for a well-run facility should equate to about 35% of the Gross Income.

Quote from @Michael Smythe: @Spencer Terrien AND ALLBe sure to take the time needed to understand that the suburbs of Metro Detroit are vastly different than the City of Detroit!

Before you hire a VA to cold call you should be doing your own cold calling first to get an understanding, first hand, of how it works.

I'd like to understand how people are dealing with this.

This will give you a great understanding of how to estimate rehabs, talk the lingo with contractors, and negotiate on labor costs.

I understand the odds of collecting are very low, but once in a while, it seems like a tenant will pay if they need a house loan.If you also know a good collection agent, pls feel free to PM me.