I heard in the past that some RE agents sued the sellers or buyers because they worked together but then RE agents were not included when the transaction occurred.Is there any professional rule when changing RE agent?

There are a lot of full-blown property management software systems out there with accounting modals (Builduim, Doorloop, Rentred, to name a few) but they do a lot of other things besides accounting, bookkeeping, and taxes so not the same thing as QBO.QBO has a few cheaper competitors Stessa & Digb.com that are specifically set up out of the box for real estate investors (e.g. income/expenses categories are things you'd recognize like repairs, appraisal, etc.) and there is no need to set up a separate class for each of your properties since the portfolio already includes these.

You are reducing the amount of capital you have to work with - so therefore you need an even higher return to cover the payments because you are working with a lower amount. 

We are not including travel time but each time we stayed there to work on the unit including repair, painting, furnishing. 

The email includes a house with projections such as the average daily rate and occupancy rate.

But many, including myself, have found it to be valuable and I got my money's worth several times over. 

Your strategy today is to do everything you can to reduce expenses and maximize rents until you get to break even again.

--Floor stickers showing dept--Wall sign with pool rules--Be very clear on the pool, max depth, etc in the welcome email, house guide, etc.All the items above can be purchased from Amazon, including the pool fence. 

 @Eric Lowder since you didn't place the "property in service" (e.g. make it ready and available to rent) until Jan 2024 you'll report the income and expenses on Schedule E in the 2024 tax year.In rare cases, that short-term rental income will be reported on Schedule C, but this is only if the rental offers "substantial service" that includes things like concierge services or a butler. ...

What I would encourage you to do is to compare how much cash you currently have invested out of pocket in the deal and also calculate what the cash flow is for that property.Cash flow is the income (rent) minus all expenses: mortgage payment (including principal, interest, taxes and insurance), average maintenance costs, capital expenses (new roof, hvac, water heater.