Since you are from WA, I am wondering if you know how that market perform. 

I can only see the benefit of forming a self performing property management company if you believe you can be more effective on cost and service than the local 3rd property operators and even cost can be tricky to calculate because most focus on the management fee that's charged rather than the cost to put out fires when they do arise.

The first year is probably the most crucial year, as you will need to calculate the cost basis in your rental properties, which will influence your depreciation expense on Schedule E.

It typically involves the following steps:
1.Seller Deliverables. Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environm...

@Jason Kahan To perform a 1031 exchange, the ownership structure is crucial.

Consider collaborating with local influencers or travel bloggers for exposure.Local partnerships: Connect with local businesses, wedding venues, or event planners for potential referrals.Targeted advertising: Use Facebook/Instagram ads to reach potential guests interested in Smoky Mountain getaways.Seasonality strategy: Adjust your pricing and minimum stay requirements based on local events and peak seasons.Long-term rental mix: Consider mixing in some medium-term rentals (1-3 months) during off-peak seasons for more stable income.Have you tried any of these strategies?

.: Quote from @Barry Clay: Relative beginner here, I put an offer on a 2nd lien for 14K non performing note in Florida.

Proof of Services.Be prepared to provide proof of the services performed and hours worked, especially if the IRS requests this information during an audit.6.

Also, don’t forget to explore platforms like Airbnb and VRBO to see what properties are performing well in your target areas.

Every investment company has its own important parameters for how they perform market selection and identify high-quality investments, so we build custom AI models that work specifically for our clients and their needs, automating 80% of routine tasks and scaling businesses without hiring more people.If you are asking about already built-in solutions, then it probably makes sense to take a look at Canoe Intelligence.Hi Denis,This sounds really interesting.