I recently fired a PM company because they were not able to stay on top of communicating with a tenant who I eventually got evicted.

I guess my CPA is saying that because I do not manage the property myself, I hire a property management company to do it for me.

Is there a property management company involved?

Our company was built just for out of state (and even out of country) investors like yourself.

I was an executive at a software company in Santa Barbara and the area was way too expensive to get any performance out of investments.I did study a lot of different options and realized (for me and my family) that the government is actually supporting investing in residential real estate with a lot of benefits.I first determined what I believe performance really means and concluded that for me, it means I should have some positive cash flow from day 1 after closing (or Day 1 when a tenant moves into the property).It also meant that a good tool to even see if any available deal could work was applying the 1%-rule.

I just called our insurance company to find out what I needed to do to make sure I was covered for renting a room.

I run a successful commercial construction company as my primary business but looking to transition out into the real estate market.

After paying Loss of Rents for a year, the insurance company finally settled considering it a total loss.

All companies are depreciating assets. 

If your reporting company was established before 1/1/2024, you have until 1/1/2025 to file your BOI report.