Should we pursue the STR strategy and aim to be one of the top-performing properties in the market to increase cash flow, potentially  up to $1,000 a month?

We have agreed on a buyout price of $100K (initial investment) but he also wants me to pay all closing costs which was quoted $22K - That seems really high so seeing if this is accurate?

Hello Community!
I’d appreciate some guidance on a few matters regarding my investment properties.
I recently purchased several properties in the following locations:

• Ft. Lauderdale, FL
• North Palm Beach, F...

The standard to apply is quite simple: Did you accurately disclose the character of the down payment funds to the lender in the loan application?

Why should they care about the long-term tenant performance?

The total would’ve exceeded $750 had it all been performed on the same date.

I’ve also read through the responses and they too are accurate, well thought out and hit the nail on the head. 

So, real estate agents may do it part-time, but rarely do they do it well.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

This is a great strategy and our former primaries have become the best performing rentals in our portfolio.

Most states require you to be licensed to perform a wholesale deal in which you negotiate a contract, market that property and contract and then assign it for a fee.