Long terms more cashflow to replace my W2.  

There are, of course, more risks and benefits of being an owner, but in general, it's good to own.The main positive: you don't own the unit.

@Nayeem Khan @Jason Bott - any ideas if these policies are more or less expensive than more traditional homeowners policies?

If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.

Make sure to move fast as well because on these projects time is of the essence because the longer you hold the property the more money you lose every month.

I would rediscuss the situation with your CPA as to why they don't think a partial asset disposition would be more favorable. https://www.biggerpockets.com/forums/48/topics/963421-an-ove...

A lot of the deals I see today are negative.

Previously, I had been spending a LOT of money each month using Quickbooks and paying a bookkeeper to manage it for me.

These are expenses incurred before your business is active, and they typically aren’t immediately deductible in full, as they are considered part of starting the business rather than ongoing operational costs.To provide more detail, according to IRS rules (as seen in the screenshot), you can deduct the lesser of $5,000 or your total startup expenditures.

Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchanging "doc" with "pdf" for more options.Here is an example and explanation: Sample EstoppelSome have a lot of legal jargon but this document does not need to be so detailed.