Please comment/connect with me if you are a:- Property Manager- Hard Money Lender- Contractor- Tax Professional/Accountant- Insurance Agent- Real Estate Attorney- Financial Advisor- Meetup Organizer- Wholesaler- Other InvestorI live in Scottsdale so hope to connect with people local to the Phoenix area, but always open to connect with other people in the state or even nationally!

We have the capital to weather the slow seasons and yes the mortgage is our biggest expense about 55%-60% not including taxes/insurance. 

It must: 1) Automatically Track my Mileage 2) Provide a comprehensive export to excel/spreadsheet for tax purposes 3) Free -any good ones free? 

Plan for risks to avoid issues.

Happy to run ROI (cashflow, appreciation, tax deductions) calculations with you.

Does that have a positive or negative tax implication?

Regarding remote managing, in our 24 years of experience, dealing with hundreds of investors, what we've had to bail DIY Remote Investors out of is mostly Class C properties with some Class B.So, in our opinion, one can remote manage a Class A property fairly easily if you are organized.Class B requires more organization and knowledge, to avoid tenants taking advantage of you.Class C should NOT be done DIY - hire a PMC!

Here is the list:- Subject property deed- Property tax bills for all properties owned- Home owner’s insurance declaration pages for all properties owned- Lease agreements on all rentals/ or we can type a memo of month to month rents.- 2022 and 2023 Federal Tax returns with all schedules included- business and personal (if filed separately)- January 2024-current Profit/Loss, Balance sheet, debt schedule (template attached here- or can use your own profit/ loss template)- 30 days most recent paystubs and ’22 ’23 W2s if you receive pay checks.- Most recent 2 months of bank statements outside of CBNA- Most recent retirement/ investment/ life insurance statement, if applicable.Is this an insane amount of paper? 

Great for HELOCs in TXFulton Bank, PA, NJ to 75% LTVGFA Federal Credit Union 10 yr draw, 10 yr repay, MA, NHGolden1 California HELOC Sacramento ValleyGolden West Credit Union, Salt Lake UTjGranite State CU, NH 90-100%Great Lakes Credit Union, Chicago area ILGTE Financial, Tampa, Sarasota area FL w 2 yrs tax history on propertyHanscom FCU, not TX or NYHarborOne, RIHSBC 70%, for premier clients only.

I couldn't stick a capital gain tax on my mortgage company.