If you might take a 401k loan, you may wish to confirm that the new 401k provider will prepare the required 401k participant loan documents.

Need tp prepare for Secyion 8 physical inspection of the property. 

Hope this helps and best of luck to you in your venture. 

I want to make sure Im prepared with the correct documentation to rent out my condo and would appreciate all opinions if im missing anything: - I have the rental application- I have my rental property agreement that I will have the renter sign and make copies of and provide them a copy.- I have the statement of condition that I will have the renter sign and make copies of and provide them a copy.- I will have them provide a copy of their tenants insurance for my records. - Will provide receipt for first and last months rent.- Im thinking of not charging security deposit because of all the strict MA laws and just using the last months rent as a sort of security deposit, thoughts?

Now, I'm looking to venture into real estate investment for several reasons:Diversify my investment portfolioBuild generational wealthLower my taxable incomeMy Investment Criteria:Buy and Hold Strategy: I'm focused on long-term investments.Cash Flow: Not a priority for me; I don’t need the income from these properties, even in retirement.Acquisition Pace: I plan to acquire one or two properties per year.

The best way to set yourself up to invest is to be financially prepared.

Long term buy and holds are typically more suited as a principal investment strategy and perhaps a Joint Venture. 

I'm keen to diversify my portfolio by venturing into real estate.

@Kaden Flores How much work are you prepared to do?

She won't pay, so be prepared to send her to collections.