Get any licenses and file your taxes appropriately. 2. eLocks - This is the single most important investment for an AirBnb.

@Jeffrey Bibby gave a very solid example of how to set up a quickbooks file for a flip.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

You would probably be better off investing in REITs or a income fund for security and higher returnes.

I don't know the laws around returning the security deposit.

I went to set up the Security Deposit account with my wife and I as the custodian and them as the owners, and I hit a little roadblock.The bank only allowed 1 custodian and 1 owner.

However, you will be required to file a non-resident state tax return in the states that you own the properties.Proximity of your accountant isin't as important as getting the right accountant who understands real estate taxation.

What if that could all be securely automated?

But it really does not matter how you aquire these assets if you do it yourself or buy through a company that specializes in flipping investment properties and may have in house management to keep everything under one roof.No company lives with the tenant 24 7.. and being that your investment security is 100% dependant on what that tenant does..

Can I find a deal that will payoff my debts and secure a good future?