And if you build it the right way, you can always fall back on the long term rental strategy here too.Location is always key here.

Having a solid relationship with your property manager is key, but you also want to make sure you're not being overcharged.

And considering I think a person who puts in plain black and white that integrity and character of the operator are key -- and then does something underhanded and incompetent is just mind-boggling to consider -- so I'm only left with a negative feeling about the documents these darned attorneys dream up! 

It's just one more government body asking for a lot the same information.  

What is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

The local/ state etc (governing body) may not just "give you" one.

I was talking to one of my Turn Key providers I have funded over the years just yesterday..

Not sure how their program works but I've seen this personally a dozen times with the key part the insured not being aware...

When it comes to taxes, the key to successful planning is documentation; retain all records of spending, as all those costs can be deducted.”

Now have a portfolio of 6 properties with some that are owned others just managed but turn key operation for sure.