Currently we use a mixture of HML & PML, with our PM mostly from friends and colleagues.

But we also allow our current housemates to interview potential new ones and give us their opinion.

Analyze property trends, neighborhood demographics, and economic indicators to pinpoint potential wholesaling opportunities.

I currently have a SFH in 43219 that I am looking to rehab and convert into a long-term rental.

She has owned the SFHs for years and many have less than $100K left on their loans but are currently worth $350K or more.

How many rentals do you currently own and manage?

Many of our clients that are looking at STR are also looking at MTR as Charlotte is currently top 20 in the country for traveling medical professional demand (furnishedfinders), and we are currently one of the largest cities without a medical educational institution. 

In filing the amended return or the form 3115, do I get to apply the depreciation for the current year or the year it was placed in service?

Hi Chris, I am currently working with a local investor client of mine looking to shift his REI portfolio away from SFR and more so into larger apartment complexes in the Northland Region of the KC Metro.I have been underwriting and analyzing deals recently in the $800k-2.5 million price range for him, so have 'my finger on the pulse' of what's available right now.

G'Day Bob,Not many "true" turnkey companies around anymore and I've seen a trend where investors want to DIY out of state and country.Personally, I think this is an even bigger recipe for disaster than buying turnkey.bBut that's just my opinion.Back in the day you had many "turnkey" companies selling crappy properties in crappy areas for a lot more than market value.Then they pass you on to a 3rd party PM that nickel and dimes you to death.Granted, if you want to DIY I would always advise moving to the market that you want to invest in.Spending enough time with key people needed to make your venture a success.Yep, easier said than done 🤷‍♂️If you DIY from out of state, you will probably find an "investor friendly" agent that will flog you expensive property from the MLS, refer a "good" contractor and then you will most likely also get nickel and dimed by a referred "trustworthy" PM.IMO, you are safer finding a reputable turnkey provider in a market that you want to invest in and go from there.If $#%@ hit's the fan (Which it always does in real estate), at least you have everyone to blame under the same roof.A true turnkey provider will have everything an out of state investor would/want and need under the same roof.No finger pointing is allowed lolI'm bias as we offer turnkey so take my words with a grain of salt.Just happy to offer my 0.2 Aussie cents.Wishing you much success