Good afternoon fellow investors,I just closed on my first rental property, which consists of a main house with 3 attached smaller units (efficiencies) - this is very normal in this area- , everything is on one meter.The previous owner used to live in the main house and therefore all utilities were included in the smaller units's rent payments.

I seriously thought the op date would be 2019, or 2015. 

Bigger Pockets is a great place to learn and connect with fellow investors.If you’re looking to invest long distance, I definitely recommend building your core-4 team.

Most of our rentals have desired move in dates of just 2 weeks out.

Our Summer dates still fill in even with less than 7 day min stays.

Look for clauses regarding default, collateral, and communication requirements.Document Everything: Keep a detailed record of all communications with the investor, including dates, what was discussed, and any updates you’ve received.

The other has experience with real estate with multiple units, however, is way behind on up-to-date systems and technology. 

I am also from Miami Beach, so I love seeing fellow floridians on BP.

@Clay TeegardenAmongst the avalanche of nearly identical responses from my fellow accountants about setting money aside and rates and so on, I will repeat a point that I consider crucial:There is no guarantee that you will have any taxable profit when you start flipping.

Unless you wanted a dated grandma STR that nobody wants to rent, I would get furniture from Wayfair that is cohesive.