I've been deliberating over the same issue (long-term rentals vs. medium-term rentals) and am inclined to invest the extra effort to manage a medium-term rental, given the appealing additional cash flow it promises.

.😳 One property I was trying to sell the neighbor would turn up his music and walk around with his shirt off at all the wrong times when I was trying to show a potential buyer.Another Property, the next-door neighbor had two Doberman pincher dogs that would come rushing up to the fence, barking and growling ferociously when we had a potential buyer.

I would recommend you get in touch with a real estate attorney-CPA firm, to help you walk through all the benefits available to your specific situation.

QuickBooksQuickBooks can be a good option for tracking the financial aspects of your deals, such as downpayment, funding sources, mortgage details, and cash flow.Pros:Widely used, with robust reporting features.Can track both income and expenses, making it easier to manage the financial health of your properties.Offers integrations with banks and lending institutions for easier transaction tracking.Cons:There might be a learning curve if you're not familiar with accounting software.May require customization or additional apps to track all the specific real estate details you mentioned.3.

For nearly twenty years I've lived within walking distance to the Beach.

Some of the problems are that the wire can become brittle, the insulation wears off over time, the porcelain insulators may be broken, it is ungrounded and all the splices and additions to the circuitry is more of a load than these old systems were ever supposed to carry.

Yes, failure to observe corporate formalities can lead to piercing the corporate veil, but if it was only obeying you, then you can be sued in your own right, in addition to the corporate entity.Then there’s the question of umbrella insurance.

In addition, how much time do I have to find an escrow company before closing?

You ar enot him, you don't have his budget, his resolve, you didn';t walk in his shoes his entire life, you are different people.What works for him doesn't mean it will work for you.THAT is my opinion.When you look at data, the strategies simply WORK, for everyone, when you look at data.Know the difference.

@Daniel Coley O'Grady -   Hi Daniel, as a newbie, you want to crawl --> walk --> run --> sprint -->fly.