Not alot of people see that as an accomplishment but most never take that step, so I applause you guys :) My biggest advice is to always live below your means and save as much money as you can for your next investment property.

The biggest things that lenders look at is your credit score and how much you make.

Everything is synchronized through iGMS.com and really makes my life simple and easy and hopefully will help bring in more repeat revenue. 

The laws may be the biggest challenge in running a legitimate property management company that some self-managing investors or unaware of or occasionally don’t follow.It really goes above and beyond that to systems, operations, customer service, etc.

It wasn't just the depreciation, it is mainly that I had 2 weeks of revenue showing a monthly loss for rent when split over 12 months, with 12 months of PITI which ends up being a large negative (even though I didn't pay 12 months of PITI).

They are just trying to catch tax fraud to increase tax revenues.

biggest thing in the college community I live in is just making sure you get any rental permit needed with the city and make sure your property is up to their standards.

For ZO, the risk is offset since they have their own title company, their own mortgage origination arm, plus they get the data, all of which generate revenue above the spread.

Can a person use their LLC to run the day-to-day operation example, pay expenses, vendors, contractors, purchase supplies, receive revenue, etc., even if the properties are not owned by the LLC?

The two biggest drawbacks for me in buying a townhome are the HOA dues and how much is in the sinking fund.