That’s less than 4% before insurance, taxes, repairs, vacancy and so on.

Identify any deferred maintenance or repairs needed2.Review the legal aspects, including zoning, permits, property taxes, insurance, and any existing contracts or leases.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

For my Mira Mesa Rental( 2b/2B Condo) i easily find good quality tenants(High credit score and stable  job) through Zillow.

Also don't forget to look into your tax treatment for signage.

Hello all, I acquired a property remotely thru the online tax lien sale in Lake county Gary IN last spring and successfully redeemed it. 

Must have not terrible credit, and no significant criminal record.

--> Automates a lot of your expense tracking --> Much cheaper than most softwares/fancy sheets --> Will probably save you a couple of thousand extra on your taxes if you follow all the recommendations. 

It’s about a 20-24% ROI roughly since I don’t know about my taxes and such to do this.