Expect to spend another ~$8K for that.If you are planning to close all-cash and bring enough cash with you for operating expenses and rehab, you are looking at a minimum capital raise of about $3M and that is for a cheap 32 unit.

Sad that NY isn't taking advantage of expensive hotels to get most of the US traffick to stay on US side and just do a day visit to Canada side and come back.I don't know why small towns change their STR rules and make restrictions.

I am glad my pm does not spend more time than it is worth recovering a small expense like a toilet.  

Second pro is that you get to lower your living expenses or live "rent free" by having your tenants pay for your mortgage payment.

We recently relocated to Phoenix last summer and I'm starting to look for recommendations for local credit unions here in Phoenix which are trustworthy, low rates, personal touch, easy/simple to work with, etc. 

I like using QB for tracking expenses and was thinking of rent redi for rent payments, maintenance requests, and screening.

My head is spinning on how to make this run as smoothly and efficiently to help maximize gains and bare minimum, break even after expenses.

Determine Your BudgetSet a Realistic Budget: Consider the cost of tuition, living expenses, and your financial situation.Mortgage vs.

Mortgage rates and PMLs are 8-12% plus points right now so the deal has to be a low enough entry. 

Meaning the low hanging fruit for a new investor might be a little higher up on the tree and fewer and farther between.