I guess I would self-manage and basically just not count any of my managing as an expense when reporting my business taxes (thus increasing my total taxable income but not having to pay SS/Med tax)But then what happens if I don't pay a med/ss tax for the next 40 years of my life?

Our monthly Irby Real Estate Investors Events have become a popular way to catch up with colleagues and learn what's new in Mobile-area real estate news, whether it's buying or selling!

12 month cash flowCopy of leasesCopy of move in inspection report

The inspection report said that the foundation is fine and that the cracks need to be sealed and painted.

With regard to STRs, when using cash basis, you don't really get a good picture of how your business is doing and prepaid expenses can make your financial reports look really inconsistent; large income/expenses one month, then very little income/expenses in another. 

Appraisal and credit report should still be good. 

For real estate rentals, it's still reported on Sch E of my tax returns.

Do you have a BP report for us? 

So I've been working on a tool that not only automates this process but also builds the intelligence behind it.The Relevant Information:A summary report will be available for each property for the investor to examine all the gathered fields.Property DetailsOwner InformationTax InformationForeclosure Case InformationDocket EntriesDefendant InformationMortgage PositionLiensViolationsOpen PermitsThe Intelligence:We created an easy to understand analysis that will give experienced and unexperienced investors a “birds eye’s view” of issues on any given listing using Icons, along with detailed explanations.No issues Found:Proceed With Caution:STOP!

In your area, you might consider https://emeraldcoastbyowner.com - a number of hosts that I'm in touch with report good results.I'm further south (Tampa Bay) and also list on https://www.floridarentalbyowners.com/ and https://www.floridarentals.com - have had some inquiries but no bookings yet.I'd also recommend getting your own web site set up so you can accept direct bookings, particularly from repeat guests - we've been doing this for a few years now and our repeat bookings continue to grow year over year, and having a direct-booking option has worked well for us.If you're not interested in setting up your own web site and booking back-end, maybe take a look at https://www.houfy.com/ set up a listing and refer your repeat guests to your Houfy listing.