I make all mine month to month and everyone seems to respect each other and keeping the common areas clean.

FHA has caught on to this trend & updated the guidelines to prevent people from abusing FHA financing.Here are the guidelines directly from the FHA Handbook:Policy Exceptions Eligibility RequirementsRelocation: A Borrower may be eligible to obtain another FHA insured Mortgage without being required to sell an existing Property covered by an FHA-insured Mortgage if the Borrower is: • relocating or has relocated for an employment related reason; and • establishing or has established a new Principal Residence in an area more than 100 miles from the Borrower’s current Principal Residence.

Praise the good attributes of the home but respectfully express your concern for the current condition and ask if there is some help you can offer.

But my favorites are MI and IN, because there is decent supply, they are reasonably easy to work in, and I already have good teams established there.

We used to have STRs in Fullerton before their ordinance was established.

I'd say first identify a strategy, choose a market that aligns with it and establish your Core 4 Real Estate Team.The main challenge I observed is that individuals often lack a clear end goal or strategy or they select a market that doesn't align with their chosen strategy.

The management of the park will be handled by the property management division of Adam Campo Real Estate {Limited liability company established in 2006/Managing countless properties professionally (as a sole proprietor) since 1999}, and we will be employing a full time on-site manager.

And I make sure to already have established email communication with each tenant at/before the start of the lease, and use that same email address (of the two provided in the lease) with the tenant during our relationship.Real life example: I had one leave “in the dark of night” after my local agent posted an eviction notice on the door.

Even if it is stated on taxes some may want 2 years worth to show it is established income.

Can you please shares insights on the cost structures with respect to the various taxes levied and cost to run (cleaning, handyman, utilities etc).