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Updated about 5 years ago,
First single family home rental, how to plan for vacancy?
Hi everyone! I am new to bigger pockets and I a looking for some advice.
I am looking to purchase my first single family home coming in 2020. I am looking to buy a home around 150k and rent it out.
My biggest fear is having long term vacancy.
I would have the money to pay for the mortgage when nobody is renting, however, I am planning on buying multiple homes in the future and then that won't be an option.
How does one overcome this fear and plan for it?
Any advice helps.
Thanks,
Nick