As always, speak to your team of advisors before implementing any strategy (CPA, attorney, life insurance advisor [if applicable]).

The free service, for landlords with two or less properties, tracks expenses, profit/loss, etc. of your rental properties ($50 fee if greater than two) but it requires linking accounts in order to automatically track and categorize expenses for you.I’m always uneasy when a website requires linking bank accounts.

The other option is to do a non agency product, such 12 months average bank deposits or asset depletion or DSC (debt service concerage) where 90% of the rent covers your total monthly payment 

(opinion bonus) Is it worth the extra $2,000-2500 to hire two attorneys in two states to set up these LLCs/OAs versus utilizing some services I see where it can be set up for about $200 each if you add in EIN/OA work and maybe $125/year for registered agent in that state?

Do you understand how to screen applications?

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

@Joe VilleneuveI’m in a business credit group and a lady in the group has went through the entire application process and was offered 70k with similar fees as above.

I mean you have been doing it already and since you can cover you debt service buying an house that will provide you two additional sources of income if you can make it cash flow that can also help you pay off your current debt, and as you pointed out you would also have a long term asset that should reasonable go up in value as well over time.

I’ve seen an LOX written to say some versions of the following; 1) This new property has a garage and I need a garage. 2) The new property has more/less sq. ft. and we need more/less space due to x (having a child, downsizing, etc.) 3) The new property is in a different, more desireable school zone (if applicable). 4) The new property is closer to where I work (or go to school, etc.)Although it isn’t always an ideal living situation for some people, I would highly encourage anyone in your situation that is investment-minded to use each of your VA loans back to back for each of you to buy a 4-unit building as the numbers tend to work best on those here in Clarksville and it would make sense, as long as the numbers work, of course, to get as many units as possible with zero out of pocket while you can.

Be a service to the seller and make a connection.