Yes, we have a few different accounts 1. operating expenses for the business 2. one account where all rents and cash reserves for maintenance are held 3. security deposits 4. company taxes 5. company savings 6. company salaries, etc..

There are fewer regulatory and tax implications compared to short-term rentals.Short-Term Rental: Can provide higher income but requires more active management, marketing, and maintenance.

I purchased a tax certificate for a property that sold to the state of Alabama in 2019.

It costs a lot of money to have people fact check this spreadsheet.

But I wondered how this affects taxes.

My thinking is the storage unit at 2600 mo is much more wiser than 54k in the money market at 5.2 %. 

Make offers on both properties at a price point that makes sense for you to make money and considers the cost to renovate & the vacancy rates.

I would lend it out via hard money, which I'm currently doing, at 10%. 

My wife and I currently make more money than we did in our corporate careers but (legally) have not paid any federal income tax in several years. 

Over the last several years, The United States printed 1/3 of the money supply.