Be prepared with copies of your Articles of Organization, Operating Agreement, and SS-4 letter from the IRS with your EIN assignment.Water depends on exactly where your home is.

I am primarily staying with multi-family properties as they provide high cash flow(and you know what they say about cashflow…).

Get your OFFICE ORGANIZED!!

Also, you may have to go out of state if you want cashflowing properties, if you’d rather stay local then hanging on to those wouldn’t be the worst idea.

I am very confused about tracking expenses and organizing it all since I can't completely separate my personal expenses from the rental expenses.

A good dynamic pricing utility like wheelhouse or pricelabs can optimize price and minimum stays throughout the year.

Stay away from those large projects until you have contractors that will do what u want everyday, the contractors cause the majority of headaches on these jobs, good luck in the futureBigger is not betterStay small

If your goal is to just keep low risk cash flow then just stay where you are.

What I saw during the last drop is that rents stayed the same they didn't go up but they also didn't go down expenses stayed about the same or even went slightly down as contractors became less busy and we're willing to work for less.

I'd see if the tenant is interested in staying in the place for another year, maybe with a small increase in the rent (let's say from $775.00 to $800.00).