A good rule of thumb is to ensure that the tenant’s income is at least three times the monthly rent to ensure they can comfortably afford it.The process typically starts by collecting a rental application from the tenant that includes personal details, employment information, and rental history.

Can I even break even if Summer rental season is a max of five months, and more likely three?  

In that case you could live in one (assuming you qualify of course) using owner occupied financing on that particular property and investment financing on the other three. 

(Mistake #4, never assume nothing will happen again.)Yep, Another fire, three weeks later, this time on the second floor and A LOT of damage.  

Now if you looked over the course of three months and see consistent deposits, that might make me feel better. 

They signed a three year lease, and occupy the house of their dreams. 

I shortlist the list using the above process, take the top three, and send them to a title company.

Also look at LOCAL areas to invest in, and in what (single family homes, three-flats, etc.).

Three are with the VA loan.Take your time.

I’ve been hosting for three years and recently encountered an issue I hadn’t faced before: an alteration request to check out earlier during a stay.