Two codes of specialized paint for order control, not the regular Home Depot paint, were necessary.

If you need to deal with property related information on a regular basis i recommend you cultivate a relationship with a Title company.

Many syndications will have special days or events for investors to visit the property to see how things are running, see improvements, ask questions, etc.I invested in a syndication last year and have been invited to several events already, plus they give regular updates on improvements and performance.

Same result as selling to a regular buyer.

The STR guest doesn't expect to earn anything beyond their regular pay during their vacation.

Lead Safe certificates have a lower standard and the tests are cheaper, however the certificate and registration needs to be renewed regularly.

Mobile lenders also do not seem to want to lend on it due to the mixed nature of it.

Naturally, that doesn't work for us!

Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.

And if you're losing money, you'd get that writeoff against your regular income plus the depreciation writeoff.Still, I'd find better areas where even if you paid retail or say 10% under retail, you can do a little better than lose 1k a month.