I used this property(my first rental) as a cash generator/stabilizer for my additional rental properties.

@Kai Van LeuvenCouole thoughts on the pet policy.Yes it’s fairly standard to charge an additional security deposit ( as carpets will most likely require additional attention for pet hair).

One additional factor that helped me in the early stages of REI was having the advice of a trusted real estate agent.

(I switched property manager in 2018, rented the second unit in May, now I am receiving the rents).I do not need any deduction for a 0 income, so it would be very simple if I hadn't to attach the additional module for depreciation.

.- I do this often, mainly to build a relationship with the listing agent, never had one take me up;  offer $500 bonus to the listing agent, and that she gets the full 6%. 

Also need to remember, most buyers have a home inspection done and then can come back asking for additional money towards repairs etc.  

Risky, but to land a property make take additional risks.

Start investing first then see if you want or need to add the additional costs and hassles associated with having one.A LLC is a want not a need.

You could offer to pay agency, pay an additional 2500 cash, and then ask the Seller to be your bank for 18 months at four percent interest only.

@Kevin McAnally In addition to the meetup that Michael mentioned (we have a meeting coming up on the 19th, check out events section) feel free to check out the following event on meetup.com scheduled for September 25th “Quad Cities REIMG - Welcomes Kevin Schoonmaker with Bank Orion!”.