Having said that you can make money here, but choosing the right neighborhood (resort) is key.

I'll also go back and tag records as the homeowners respond to my marketing so that I can see what lists are performing and what lists aren't.It does pretty much what you're describing in your post if you choose to use it in that way.

Hire a property manager.If you choose to self-manage, be prepared to handle tenant comms, maintenance requests, and rent collection.

When choosing an investment city, don't rely solely on simple return calculations; consider all major recurring costs.

A lot of investors based in markets like New Jersey are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

Pillow cases take a beating so we have extras of those.Whatever you choose, make sure you have 3 sets of everything to facilitate easy, quick turn overs.

You don't get to choose who claims the property based on who makes more money.Third, here comes the bad news: you cannot generate tax losses from renting rooms out of your own (or your daughter's) residence.

So be careful out there when you choose these people. 

When choosing one in the area your plan to invest in, it is very important that you interview them in-depth to make sure they are not FOS.  

Whether or not you choose to take your test and get the license is up to you.