But yeah, it was my first venture into semi-long distance and low income property investing, and I think I’ve gained education about both of those though it.Anyway, I might be asking you about 1031 soon!

I am semi tech savvy, but for some reasons all these softwares are very far from user friendly.I personally like Buildium.

This may be exactly what you want to do, just examine what you want from this endeavor semi passive income up to a side hustle and work to make the property fall within your vision. 

We live within an hour, so we started investing in an area that we were semi-familiar with and visit often! 

VERY few ever achieve it Then ones who do it in a couple years are few and far between Your comment about paying taxes on flips reminds me of the guys I used to work with who would not take overtime because they said you just pay more taxes so I took all the overtime and everybody else’s overtime I invested the money in the flips and quit the 9 to 5 and retired at 47 30 years later they are still refusing the overtime and still working at the same jobs  I made my choices   You will make yoursI am guessing you are in your 20s   10 years from now you could be semi retired or you could still be here on BP taking about doing something   I hope you choose the later   Of history tells us anything you probably won’tI hope you choose to NOT be normal/average I made my choices You will make yours 

One unit was semi-updated (some new flooring, paint, with original kitchen/bath) when I bought it and rents for $1350.

Good afternoon, I am a semi new real estate investor( my husband and I converted an old residence into a rental once we moved into a new place) and have started to attend real estate meet ups in our area (Eau Claire, WI).

What are your thoughts on rehabbing semi-decent mobiles and flipping/renting them for a profit? 

I would like to see how others have set up their chart of accounts in quickbooks to cover capital contributions from capital gains differently from non-qualified capital contributions and qualified assets separately from non-qualified assets to run semi-annual reports required to report compliance with the 70% qualified assets rule.

Move to semi-monthly or bi-weekly payments.