All of my tenants have been paying in cash but I want to switch them to electronic/automatic payment methods.

Mostly DIY with specific trade professionals.My goal is to obtain cash flow to build up my portfolio and ultimately get time back from my W2 job.

Use aggressive methods to depreciate everything.

Nevertheless, finding a "deal" using traditional methods such as networking with local realtors and lenders has gotten much harder. 

Q1 Answer - If a rental is a trade or business per IRC 162 it qualifies Q2 Answer- STR is passive on E if over 7 day average rental stay and no substantial service STR is non passive on E if less than 7 days average rental stay and no substantial services. 

There are two methods of appraisals, Sales approach vs cost approach.

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*This link comes directly from our calculators, based on information input by the member who posted.Really interesting property, unit was built in 1900, I estimated about 100k in rehab. N...

This method of 'No inspection contingencies' could cost you an EMD, but it's one more way to move your offer to the top of the list. 

However a refinance actually means breaking the mortgage or doing a mortgage renewal to get a better interest rate whereas a cash out refi means you actually take money out of the deal to use.I hope this helps clarify the BRRRR method.

My current plan was to pursue the BRRRR method and just hang onto the profit from my current home.However, after watching the market from afar.