@Robel NessroGreat plan. 

The markets open up if you are not planning on doing the management yourself.There are many markets that are growing in population and jobs throughout the country if you are willing to look at OOS investing. 

Perhaps you have coverage for the replacement value BUT the insurance company when calculating the replacement property uses modern building materials like drywall but your original house had plaster which is much more expensive.

Or are you planning to put 100% of the risk/cost of vacancies, furnishings and tenant nonpayment on the owner with you having 0% risk?

do you know how to read building plans or permits?

FYI - with all the social media choices, all you have to do is make a plan to post the same message across numerous platforms.- You can even recycle the messages annually or quarterly!

Talk to your banker about your plan.

At $2450, it will cover those expenses.

Like any financing strategy, due diligence and proper financial planning are key to making it a successful solution for both parties. 

I’ve learned that it is a very expensive ordeal but having a good lease helps remove the tenants faster.