And to be honest if you could get some strong social media coverage (like hire someone that knows STR to market the property), you could do very well!

Renting, like hiring an employee, taking on a business partner or client and marring (even more so), are relationships that can be costly if made hastily or imprudently.Like others, I have check lists that I do not deviate from. 

And before getting too far along in the process it might be worth doing a title search to check on any potential liens on the property.

When it comes to getting approved for a loan, the process can be a bit more complicated for foreign citizens.

I'd like to keep savings and be able to hire out some of the work (something we have not done in the past).My thoughts are to put both into an LLC and look for investors or a business loan, and purchase and move to a new home.

This process is relatively simple and can be completed through a title company or real estate attorney.

If they are not paying rent then go through the eviction process as normal.

As those prices fluctuate, there is a builders somewhere putting his feet up waiting to see a market turn more active because the last thing he wants to do is start paying crews to build houses, that could drop in value while he's halfway through the build process and losing equity halfway into the project.

If it's zero, put in a zero, line through it, or something.If you don't use a manager, line through the entire clause and then you and the renter should initial the beginning and end of the line as proof it was agreed to.NHG  (D) As used in this Lease, Landlord’s “Authorized Management Agent” means ______________________________, address:___________________________,who is also authorized to act on behalf of Owner for the purpose of Service of Process and accepting Notices  NHGYes, you would check the line next to the form(s) of payment you accept.

I have a 3-step process I put them through before we actually agree to work together.