I just started working with THD, I had the same situation as Shankar RamaniI had a 3/2 SFH posted for LTR, they reached out asking if I am open to short term rental, I was hesitant first but after searching the company and their business model, I was willing to take the risk if they pay me a good premiumThe person who reached out to me works with the insurance side of THD ( they have corporate leasing department too), and her tenant had a fire damage in their house so the insurance company wanted the tenant to stay somewhere until the house repair is done.

., repairs, furnishings) can offset this.

While you are learning and living in your first one, you want to make sure that you are keeping up with the repairs so that when you make a decision on what to do with it, you don't have a potential issue with the property you want to sell or rent when you are about to buy another.

She sent a reputable plumbing company out and they gave us a $9000 bid to do excavating, repairs, etc. due to some roots getting in some plumbing under the house.

Additionally, ask for copies of all tenant leases, any recent inspection reports, and records of capital improvements, such as repairs or renovations.

I think I have the basics down:* rent roll or proof of rental payments over x period of time* copies of owner paid expenses* copies of owner repairs over the last couple of years* clean title search* home inspectionWhat are some of your favorite questions?

It's oversaturated with crappy wholesalers who don't know ARV and can't estimate repairs costs. 

I am having a sewer line repair company come out and give estimate to repair vs replace. 

Renovated with cosmetic updates for immediate rental income, it offers strong cash flow while preparing for more extensive repairs and the addition of an ADU.

I would say a common error that people make is underestimating the cost to fix or repair something.