Since you “placed the property in service” (e.g. made it ready and available to tenants) in 2023 you’ll report the rental property and any rental expenses paid OR income  received on your 2023 tax return. if you didn’t receive cash in bank account until 2024 for booking in 2023 you’ll report this rental income on your 2024 tax return.

@Kristi BurmeisterI would say it depends on your own management experience level, the maturity of the management system you are going to implement, and the level of customer service you are going to provide.

We base all of our finishes off of affordable housing and tract builders.

By providing copies of notice of entry forms, property managers empower tenants to stay informed about their living space and reinforce their rights to privacy and security within their rental property.Pest Control and Extermination Records:If pest control services are provided, tenants may request records of pest control treatments to ensure the property is being adequately maintained and to provide assurance of a clean and safe living environment.

Using round numbers, consider debt service min is 1700/mo.

And if possible what online services can help with this?

If you text people without their explicit consent, it is considered SPAM, and you risk legal action, regardless if you are selling a product, providing a service, or simply providing information.In addition to explicit consent, recipients must opt-in to your SMS campaigns using methods such as mobile and/or web opt-in.

I've taken the time to do further research, and your guidance has provided me with a solid foundation.I particularly appreciate your explanation of the Debt Service Coverage Ratio (DSCR) loan option and the Bank Statement loan.

You can do a debt service coverage loan (DSCR) which will ONLY look at the rental income the property is bringing in.

The list is longer than that, but I was appalled when a tenant snuck a daycare in w/o even telling us (as required by law); When I contacted Dept of Social Services, they told us she was supposed to have at least informed us, but they weren’t about to penalize her anyways.