So, if your property has all bills paid by the tenant, you will deduct from the voucher amount the set amount by bedroom count for items like water, electric, gas, etc.

Once it’s set up, though, payments tend to come like clockwork, which is one of the biggest perks.That said, it's important to remember that rent isn’t necessarily guaranteed forever like a lot of folks assume.

For consulting with a CPA.As mentioned above you can simply take monthly distributions, but what is most important is how you are set up. 

Of course, everyone gets to set their expectations.

I'd also recommend finding an investor-focused agent in that market, sharing with them your buy criteria, and then having them set you up with an email list for properties that get listed. 

What are your long term goals (eg do you want to buy another house) and do you have a large savings set aside for unexpected expenses? 

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.

I am ready to take that next step towards F.I.R.E and set my daughters up for life!

This plan covers 24/7/365 troubleshooting services from Lula's experts (such as guidance on resetting a circuit breaker), tenant coordination for scheduling repairs, and access to a network of vetted professionals.Once you're subscribed to Lula, you can set aside a pre-approved amount for repairs, which can be used without needing to contact you as well.

The current tenant was already in place when I purchased the building, and their lease is set to expire in a few months.