One of them dinged our credit and sent a late notice before I even had time to set up ACH payments with them.

Learned all the lessons needed on this one for sure.I am now feeling the positive pressure from the huge mistake and looking to leverage all the resources I can to make sure I do long-distance real estate investing the right way from here on out.GOAL: I plan to purchase 3-5 SFH to hopefully cashflow $2,500+ in the next 2-3 months.

We try to meet every other Friday at 9am PT and I also set up a whatsapp group for us.

if you go to a meetup and talk with a friendly PM in a networking setting, they will probably be willing to share information.

I’m not completely set on only doing out of state.

Specifically, I’d love to hear about best practices for managing shared spaces, screening tenants, and setting up house rules.Additionally, I plan to split the utilities among the tenants—any advice on how to handle this efficiently would be greatly appreciated!

To avoid that, set a firm, realistic budget from the beginning and make sure you stick to it.

Set up a contracts account at both Lowes and HD. 

When it dies I won't replace it with an ice maker but they were over the moon to get the rental and this is the second set of tenants that said we don't care about the ice maker.

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.