This means they will have practically complete control over whom to rent, how much to rent for, and how much to charge for repairs, etc.

As a side note, most of the properties I have been targeting were Neighborhood grade C which are quite old and one of my concerns is that I may need to spend a lot of money on repairs and maintenance.I feel that I would need to wait a little bit more and maybe save more for my down payment and try to target Neighborhoods grade B.I’m trying to do an FHA loan and buy a house in my local market but even when I’m targeting properties between < 600,000 (which would be a 2Bed, 2 Ba in a good condition), my monthly payment would be around 5,000 which is impossible to pay for me.So, it has not been easy and it won’t be but I’ll keep looking until I find one property that meets my requirements and helps me to achieve my goals.

Hi Gavin,This is fairly common, and it’s great that you’re thinking ahead about how to handle utilities responsibly.

Most major repairs had been done.

Seller would be open to creative financing since house needs foundation work.Asking 300kFoundation Repairs- $40k ( could be way less) ARV- $385 to 400k

Can you go ahead and change that (think address of record for LLCs or bills for other properties).Make sure any HOA and the local government allows for your home as an MTR.1 last point to add to Jamie's first point: if you can, take a video tour of the home and what you're leaving behind.

House can be in need of repairs, but not drastic.

So far there is some indication of a little uptick for 2025 booking - I've already booked out a few weeks beyond the winter, which is when I go down and take care of maintenance and repairs - and in the summer, but traffic and inquiries are way, way down.If you feel like seeing a blood bath, just pull up the MLS and look at the Margaritaville development.

Also want to add that she had multiple violations such as having a dog with her while her contract states no pets and she was contacting repair facilities and acting as my agent or pretending to be a property owner and interfering with repair process. 

A couple expense assumptions:Insurance: .6% of market value per year ($1300 to $1700 for garden variety SFH)Repair buffer: $50/moPM: 8% of gross rent + 80% of first months rent HOA: Ranges from $0 to $50/mo.