Quote from @Matthew Irish-Jones: Quote from @Mark Cruse: Yes, there will be more expenses above what's mentioned here but if this is done properly it can be kept to a minimum.

Still up to me to properly utilize it and get the deals contracted.

Get an attorney and get these losers out then hire a property manager to properly vet any future tenants! 

A lot of the popular areas in Charleston proper that are not licensed under the old laws now require the owner to live on the premises to obtain an STR license.

Crossing the lines may not provide proper liability protection.Personally, I just kept my SF rentals in my name and got excellent insurance coverage, $500K per property plus a $2M umbrella.

Do a bit of digging, and you can find single-families in suburbs like Decatur or Meridianville that appreciate at rates above the statewide and nationwide average and hit the 1% rule at the same time.One caveat, though, is that most rentals in Huntsville proper probably aren’t going to deliver the cash flow you’re looking for.

The ownership structure as indicated on the title must match the named insured on the policy to ensure proper coverage.

It works but it was installed in 1967 so I need to prepare to replace it when it fails at some point.

Consider an installment sale if financing is an issue.This post does not create a CPA-Client relationship.

They don't know how to properly qualify an investor.Check around before making a decision.