Focus on networking with local investors, learning market trends in your new area, and deciding on a strategy that fits your goals.Good luck!

But to date, I've just set my rents at a rate that accounts for me having to pay the water bill - and informed the residents that each year I'll increase the rent based upon my expenses (including water), so keeping the bill down helps me to help them.But one problem this could cause is if increasing the rent to cover the water bill then places your rent above the market rate.

@Nichole StohlerI find using a SDIRA to be a great tool for passive investments and growing your retirement with less stress than the stock market roller coaster. 

Since you're focusing on Dayton and Cincinnati, you'll find plenty of opportunities in those markets.

Of course unless your buying defaulted notes at the get go then again as Chris mentioned this type of fee should be handled up front.. and if it new origination your making and then they go bad.. in your foreclosures you can charge the borrower these fee's when they cure or add it to you opening bid and when someone buys it at the court house you get repaid..

Hey- We also love the IL and specifically Chicago market, here are a few ideas for you: 1.

So, many people choose to operate in their own personal name but buy an additional umbrella policy to protect themselves from liability.

You need the backup option in case the mid-term rental market changes.Minimizing turn costs and downtime is critical.

You can arguably make it work in any market.

I have a friend/neighbor that wants to sell me his house below market value so he can move back into an apartment and travel.