I was a little busy dealing with the hurricane (buttoning up both rental properties as well as my primary home) and evacuated myself on the 8th.  

Or, I sell the Stockton home and put the money made, along with my savings towards the Sacramento home and be mortgage free within the next few years.My long term goals are to have cash flowing rental properties, but to also be financially and debt free. 

Hey All, I wanted to get some advice on how to use other people's money to purchase a long-term rental property. 

I already own one rental property, which is doing great, with cash flowing around $500-$600 per month.

Have you considered using long-term rental loans to finance your properties?

I think the major branches of STR that owners need to know are -Financing, Market Research (you technically have it already in Cape Coral), Property Selection (what makes good STRs, regulations, analyzing, etc.), Designing and Furnishing (amenities, design, theme, linens, etc), and operating (Insurance, Property management or self-management, Tech & Tools, Cleaners & handy people, etc)All of these could be covered depending on who you work with that can cover each topic. 

For rentals, focus on properties that generate solid cash flow after covering mortgage, taxes, insurance, and maintenance.

So I paid 27,000 in HOA dues and I have the sheriff's deed to the property.

Hi,I am planning on setting up a multi-member LLC either in North Carolina or South Carolina to house the rental properties under, and wanted to reach out to the community about which state is more favorable to holding rental properties - assuming that the property can exist in either state.Thanks in advance!

Quote from @Fabiola Noel: I didn't know any software included a bank account.