Owner says rents are about $2-300 under what they could be but with the tenants being loyal and the way they are their own small community she recommends not raising rent.All 7 homes run off of 2 wells.Some differed maintenance but overall nice condition trailers range from 70s-80s model Owner says property manager/handy man lives next door and handles everything for her from maintenance to collecting and deposit rents.

I have properties in Fairfield, West end, East Lake, and others, and they can cash flow but the management is difficult (as in getting cash collected from tenants).

I’ve heard that newer versions of QuickBooks Desktop now operate on a yearly subscription basis, but I prefer a one-time purchase if possible.Has anyone successfully purchased QuickBooks Desktop Pro recently and managed to use it without having to renew a subscription?

About 21,000 square feet of live-work-play units are also envisioned, allowing a small business owner to operate a tiny shop from their home, according to details shared by Taylor Assistant City Manager Tom Yantis during a June 27 public hearing with the Taylor City Council.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

This LLC will hold the bank note, and handle all expenses/construction, and profit disbursement, etc, but our other LLCs (which holds title to the property) will not have any ownership in it.

It isn't a ton of extra work for us to manage an IRA vs regular investor, but eliminating government-mandated paperwork (that adds no value) is a win.

In the past we've used a property manager, but this will be the first time that we are managing our property and having to go though the process of acquiring a new tenant.  

Additionally, quick and effective marketing proved crucial in attracting buyers swiftly.Challenges: We faced challenges in ensuring correct pricing and marketing for a quick sale and managing the double closing process.

I assess that whether full or part time to be successful one has to invest in systems to manage the business when you're not or unavailable.