Have you gone to the township zoning to see if you could have the property legally split.

Hi George, for liability coverage during a flip, consider a Builder's Risk policy for property damage, and a General Liability policy for third-party injuries or property damage.

The units are pretty much turnkey, but my analysis shows that the property will barely break even.

Some state regulate what happens to a security deposit when a property transfers.

For properties under $300K, you can definitely find okay options in these areas.

NOTE: most property management software is designed so that any building with more than one unit is categorized as a multi-family property.

You’ll want to focus on either finding a broker who’s okay with you doing property management or getting your own broker license.

You’ll want a reliable agent who knows the investor market, a property manager, contractors, and a lender familiar with out of state investor needs.

We’re considering whether to do mid-grade updates and rent it soon if we can find a good next property though acquisition and ongoing costs are a problem.

As you progress your bookkeeping business, you'll likely want to learn how to export statements from a variety of property management platforms, as investor books are housed in bank accounts, spreadsheets, and a variety of property management and accounting software!