Books I have read so far:"Rich Dad Poor Dad: Rich Dad's Guide to Investing"- Robert Kiyosaki"The ABC's of Real Estate Investing"- Ken McElroy"Loopholes of Real Estate" - Garrett Sutton"Bigger Pockets: How to Invest in Real Estate" - Brandon Turner & Joshua Dorkin "E-Myth" - Michael GerberBooks in que: "The Advanced Guide to Real Estate Investing" - Ken McElroy"Think and Grow Rich" - Napoleon Hill"Long-Distance Real Estate Investing" - David Greene"How I turned $1,000 into Five Million in Real Estate in My Spare Time" - William Nickerson"The 4-Hour Workweek" -Timothy Ferriss

Originally posted by @Dave E.

Developing such a strategy certainly would be ideal. 

An introduction to who you are and setting the stage for communication is ideal and I would suggest a tenant would appreciate a personal heads up to what they can expect in the mail from you.  

Originally posted by @Lynnette E.

Ideally we would love to keep this as an occasional vacation spot for us to use as well, so bonus points if it is in the mountains or close to water. 

But 1/15 of it was deducted as an amortized expense in Schedule E each year. 

If you don't have a plan for picking out the right brokerage, you could end up "anywhere" which may not be ideal for you.

Hi everyone - Looking to pick your brain on what your combination of software that you use is for your real estate business, or if you could recommend any for me.Here is what I'd like to be able to do:- Import transactions from my bank to categorize- Create and view project specific budgets, and be able to see if my project is on track throughout the project as I categorize transactions- View a P&L statement at the end of the project- Ideally be able to categorize transactions from my mobile device on the goNice to have but not important:- Managing a project (deliverables, deadlines, dates, etc.)- Invoicing a client for upgrades Up until now, I've been operating from Excel, but we're growing to the point where manually entering transactions and categorizing is becoming very tedious.I tried setting up Wave, and while I'm able to live with some of the limitations it has (i.e. subaccounts), I haven't figured out how I can assign budgets to the expense accounts so that I can track progress.  

@Jason E.