I spoke with the title company who is still helping us wrap up the set-up of a servicing company, and she confirmed that they would be responsible for the principal / interest for Nov and Dec, while we are responsible for the escrow shortage balance (as agreed upon).Not sure how it was missed - not my favorite title company to work with.

I know that I have to rely heavily on a solid property management company to not only maintain but to help find me deals as our relationship grows.

Look for growth in a new company or 2.

3) Any specific states you recommend to set up any of these (Not sure where I'll be purchasing property yet, maybe Detroit, maybe Cleavland, maybe Augusta, maybe Des Moines, maybe Saint Cloud, maybe Memphis...)4) I already have a LLC based in Hong Kong (We call them limited companies, but the principle is the same).

I've been in real estate for about a month now with my company.

I would prefer an individual PM (not associated with any company) to manage my 3 doors in FL..

If you ever decide you want a more passive approach, there are turnkey companies out there that handle everything for you.

When you start, the company may give you a small existing portfolio, but then you'll have to maintain & grow it to make a decent living.You could also work as a leasing agent at an apartment complex.

Make sure to do your due diligence when selecting a property management company to hire.

This was my first investment property and I had a poor inspector who missed all the electrical and even though the roof had about 5 years left my insurance company made me do that.