Holding onto it is a smart decision, and you're entering property investing in a solid position.To get started, focus on ensuring that the rental income will cover your mortgage, taxes, insurance, and any maintenance costs, leaving room for profit.

I'm thinking about outsourcing the maintenance response piece to either Latchel or SuperTenders.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Older buildings often have charm and character, but they may also come with maintenance challenges.

I don't have experience with renting to a sober living company, but I assume that they make a killing.These sober living and assisted living facilities are always showing up on Loopnet advertised at a cap rate of anywhere from 8-25% (not exaggerating... there are several in my area right now with a ~20% advertised cap rate)With returns like this, I can only assume that these types of properties are very high maintenance and labor intensive.You're not looking to be the business manager though, you are just looking to be the landlord who leases to the company who runs one of these lucrative operations.

I'm now looking to house hack in Dallas or the surrounding areas (likely Arlington) but am a bit stuck on how to run the numbers.When calculating cash flow on the my duplex in Indiana I took into account PITI, vacancy reserves, maintenance and repairs reserves and utilities to get down to my net cash flow amount.When running the same calculations using 5% down on the house hack, I find myself quite a bit in the negative.

With your background as a physician, you’re in a strong position to get into long-term rentals and even the storage space, both of which offer steady income and relatively low maintenance.

We did something similar when we were stationed overseas with the military, and we bought a new duplex because we didn’t want to have maintenance issues while so far away.  

I'm already using RentRedi to screen tenants, receive rent, deliver messages, but I wanted to know if anyone had any suggestions on either a software or virtual assistant type platform that helps them automate maintenance requests...

Are you factoring in regular maintenance, CapEx, turnover costs, or paying the PITI when you have vacancies or a tenant isn't paying?