@Jeff Goedeker A rental P&L statement would be pretty simple to create.  

That was an unusual set of circumstances that was created in response to covid, so it would likely take extenuating circumstances for that to happen again. 

Find one that can be custom to your needs, has flexible pricing, no long-term, high-cost memberships and excellent customer services to determine how to best market to your leads.

Create a portfolio of income producing properties and you can use that income to pay for your primary home.

I don't think you can purchase a policy for one tenant, but you can create a master policy for all your units.

*This post does not create a CPA-client relationship.

I love how you emphasized the importance of educating investors about the market cycle and long-term strategies—it’s all about creating a win-win partnership. 

@Zach Howard there is no agreed upon Classification in the 1-4 unit market.We've done our best to logically create a system for our market, mostly based upon relative sale prices, but also using crime rates, rents, occupant income and a few other variables. 

In KC I'm using the following splits: A 99k+B+ 75k - 99kB 56k - 75k B-/C+ 48k - 56k C 28k - 48kD under 28k Here is the updated guide by zip codes with the new class of B-/C+ created. 

Do you need an S-Corp depends on your overall tax situation and profit you are expecting form this flip.This post does not create a CPA-Client relationship.