------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

It’s all about putting in the effort to learn and apply the strategies.

They can claim business overhead expenses, and they must file 1099s.REPS determines whether the resulting losses can be applied against your W2 income or not.

•After 3–6 months, apply for tier 2 business credit cards (e.g., Capital One Spark, Chase Ink).

I also assume a 3-4% yearly rent increase, which naturally increases the vacancy and repair amounts over time.

Eventually it becomes second nature.

These requirements will apply even if you do not have a formal written lease agreement. 

Here's how you might apply this strategy with your $150K:1.

It's good to hear others are having success, but I would check if it works in your area before you spend the $150.I don't know if this would apply to you, but some folks think that FF works similarly to AirBnB or Vrbo where they will push resident requests to you.  

Wait...it's not natural for an animal to wear a collar, but it's natural to spray the yard with a pesticide?