It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Besides needing to be extra careful about the above, this process works well for me and I usually find a great tenant during the first open house.

It’s an extra expense that you don’t want and most properties don’t have.

(I will research what the likely cost will be and will add in some extra for Tenant A to make it a positive for them).

Some co-hosts are locals who will assist and drop off extra linens, do check ins, etc. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

This will give you extra cash flow in the first year and/or the early years to maximize your tax benefits and make your dream come true.

While passive rental income is possible, managing it across borders can be tricky and may incur extra costs like foreigner withholding taxes and specialized tax filing.Financial Accounts (Roth IRA and HYSA): From what I understand, if you were to leave the U.S. without citizenship or a green card, your ability to contribute to a Roth IRA would be affected as you would likely no longer have U.S.

Reinforce entry points with security bars, and consider a monitored alarm system or joining a local neighborhood watch for extra protection.

@Bruce Woodruff, I want your extras added to this list first please.Anyone else have some good ones to add so we can help those who are in the middle of their first reno from losing more money?