Here's a rundown of our current financial situation and REI experience:Current Properties:Short-term rental in the mountains of NC:- Owned outright- Grosses $2-4k per month- Valued at $400kCondo in Charlotte, NC (long-term rental):- Owned outright- Rents for $2.9k per month, cash-flowing $2k per month- Valued at $350kPrimary residence:- Located in NC- worth $800k, owe $200kMy wife is also a minority partner in an investment group that specializes in BRRRing foreclosed properties.

So Big-Gov. takes MORE from Walmart, which is YOUR $ that you are paying Walmart, for Big-Gov. to hire MORE gov. to then take $ for this slush fund, that gov. employee, and than sends 30 cents of that dollar and sends it back to you in form of some "benefit". 

I have contractor who will do all the work for me. 2- I am currently a FT employee with real estate investment as my side hassle ( 2 OOS fix and flip going on) .

In most states, the company that owns the property can hire an employee to manage the property for them without a license.

Job situation currently:Quick background, running an IT business for 3 years now, makes about 150-250k gross per year, struggle to find the right employee to help so it takes my time m-f 8-5. 

With CAP rate take the annual rental income (of all 5 homes) annualized with the home #1 at estimated $1000 per month gets you $64500 per year gross income. 

Instead, I should:Record the net rent (gross rent minus PM fees and expenses) as income in QBO.Log any additional expenses I directly pay, such as mortgage payments, insurance, property taxes, and other business-related costs like gas for business travel, meals, business licenses, and office supplies.Does this approach align with the correct practice of differentiating property accounting from corporate accounting?

As a new investor I am working to find the right balance of allocation towards Vacancy, Capex, Emergency, etc. I currently sit anywhere in between 6-8%. I like to be aggressive with these numbers as cash flow is not m...

W2 is already maxed out for my position and about 30% of my rentals Gross income goes too PM and 3rd party cleaners.

Here is my situation:- I'm a W2 employee that earns north of $500k a year- My wife is a stay-at-home-spouse- I'm looking to buy ~ $1,000,000 in STR Real Estate by the end of the year (as an investment and to offset my tax bill)I'm fairly well versed in the rules surrounding using STR to offset active income.