If you have favorable terms on those first mortgages, you might find that a HELOC or a second-position loan is more cost-effective than doing a full refinance or a DSCR loan.

I started with the Simple Start plan, but as I learn more about the software, I realize that to effectively classify income and expenses per unit, I need to use Classes and Locations, which are only available on the higher-tier plans.I’ve seen suggestions to use units as customers as a workaround, but I’m curious if anyone else has tried this approach or has recommendations for managing multiple units in QuickBooks with the Simple Start plan.Looking forward to your feedback!

It's a very simple and effective tool that you can use when evaluating rehabs, whether you're looking to flip or BRRRR. 

Why would you do anything that effectively pays you less than that?

I’d hold the PM accountable for poor oversight—they should’ve been more proactive.That said, it’s also important to weigh the long-term relationship with your PM.

I faced numerous hurdles and stressful moments, but I persevered and built a successful approach.To tackle this challenge, I recommend starting early by building relationships and seeking investors.

It's a 4 family, I just don't want that kind of transactional relationship with any tenants.

But one of the most valuable lessons I’ve learned in my journey is that relationships are often the most critical part of success.

Working with a qualified intermediary (QI) ensures compliance with IRS rules.This post does not create a CPA-Client relationship.

My current solution of using Baselane is by far the most cost effective and easiest, but it still requires that I spend time bookkeeping.