Negotiate terms with sellers based on your findings and financial analysis, and seek assistance from legal and financial experts to finalize the purchase agreement, financing, and closing process.Having a strong property management plan is crucial, whether you decide to oversee it yourself or enlist the help of a professional company.

Landscaper 1800/yrAll utilities are paid by tenantsUnknown roof age.He wants 720000 but I think I should allot at least 10%-15% repairs on this older funky building that he's managed and maintained himself.

These hours entail active involvement in managing business operations and directly contribute to the functioning of the enterprise.Considerations for Qualification:Full-Time Employment: Meeting REPS requirements can be challenging for individuals with full-time employment outside the real estate sector.

You might get a difference of 50% more or less between contractors, the idea as many here mentioned is that you have to make sure you itemize as much as possible.Flipping is a project management work, and you have to be very organized.Saying all this I was thinking that it should be a better way, this can be automated, but it seems that there is no something that everyone is willing to pay so that is why no much solutions out there.

Do you have any proprety manager recommendations ?

First, you want to buy Brandon Turner's book on rental property investing, and his book on managing rental properties.

I am buying a Short term rental this year but will be using a property management company only for this year, which prohibits me from claiming bonus depreciation. 

I am an agent here, however i also invest in property myself, and run a property management company.

@Hannah Potter Here are the things that many CPAs support their clients with:Understanding tax impact of short-term vs. long-term vs. flip before you buyWhich entity structure is best for goals and investment property typeTax and compliance on LLC or S-CorpHow to transfer property out of personal name into LLC (hard to buy 1st through entity)Ways to optimize taxes throughout the yearHow best to set up accounting to track income and expenses (doing this late is a mess)Feedback on property management systems, accounting systems. systems, etcEstimated payments to avoid penaltiesKnowing when to file and getting things in on timeMaybe a few things I missed, but this is the high-level ….. if you can get answers to the above questions on your own, plan, and file your own taxes then you can avoid the expense of a CPA.

I'm about to be 25 doors under management, and I'm looking to significantly scale this further.