There is much to learn: pricing, marketing, screening, contract law, lease enforcement, late/unpaid rent, property abandonment, squatters, maintenance, tenant neglect or abuse, communication, and 417 other things.Buying a decent property but not managing it well can impact your finances, marriage, sanity, physical health, and desire to invest.

Choosing the wrong 1031 Exchange Qualified Intermediary to administer your 1031 Exchange could be a very expensive mistake due to the Qualified Intermediary's critical fiduciary responsibilities and obligations through out your 1031 Exchange transaction.You may focus all too often on issues such as size of the Qualified Intermediary, 1031 Exchange fees, interest rates paid, turn around times, branch office locations, and the like, when interviewing potential 1031 Exchange Qualified Intermediaries.

The potential liability from having someone do a job they are not licensed to do far outweighs the cost-benefit.

If you can strike a balance with mid-term stays, try setting clear end dates to avoid cutting into your peak-season potential.

Looking forward to connecting with others who can provide guidance, tips, or even potential partnerships as I dive into this exciting field!

I am interested in MTR for my properties in Akron, OH as one is walking distance to Summa Health Systems Hospital there and the other is a 15 minute drive.

You have to decide what your time is worth to either take those 8 phone calls, or hire a PM - for us we would rather keep the $10,560 you could potentially pay for PM service in a year for the 4-plex and take the 8 phone calls (yes oversimplified - but you get the point!).

The prices are still really affordable compared to other cities, but you get solid rental income potential.

There seems to be a lot of potential in Poughkeepsie.

We still find deals here that meet the 1% rule, positive cash flowing, and have tons of potential for appreciation.