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Updated over 6 years ago, 07/06/2018
Looking to buy first Property and be landlord. Advice/tips?
Hello all, I know the basics already that I need to secure financing, get pre-approved for a loan, do my analysis on some properties I am interested in and of course find a realtor and just check out some homes. Now say that I do find a property that I close on, what inital steps should I take as a landlord/investor. Btw I will be investing about 1 hour away from my home. I live in NYC, but I am going to invest in Pennsylvania. What is the admin side of things that I should keep in regards to records/documents? Also what documents should I be giving to tenants whether they are already there or I have to find new ones?