If you are leaning towards using a property manager or think you may at some point, just make sure you budget for that in your analysis so that your cash flow figures are taking that potential expense into account.Since this would only be your first property, I don't think you need a professional hiring firm--it would probably be more beneficial for you to do the interviewing yourself to be sure that you set expectations properly, are aligned, and can work well together.

The key factor is ensuring you have proper documentation to support all the transactions, deductions, and income reported.

I know it may cost up, but they will be able to add the proper verbiage/guarantees/escalations/protections that you may miss, and they will market it for you as well.The you have this lease available for you to use in the future.Gino

They want the heating element to be inspected however we know it is working properly and the main heat/AC for their unit is the mini split, not the thermostat.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

That means, buying at the right price, with the proper SoW and good comps to project a nice ARLTV.

Wholesailing in Texas is legal if done properly.

Highlight the benefits of conventional financing or cash offers, and ensure that the cesspool is properly disclosed.### 2.

It is properly called ordinary business income and is taxed at the same rate as your W2 income, PLUS 15% self-employment tax which is Social Security + Medicare.

Ususally to run a proper mailing campagin, you're looking at sending atleast 5000 letters monthly, not 500.