Once you have your shortlist, I recommend hiring a professional title company to handle the detailed due diligence.What’s in the Guide?

It might help to connect with local property managers who handle STRs to get a sense of what types of properties perform best. 

Getting a tax pro’s help can ensure you don’t miss out on potential savings.Be Prepared for Landlord Life: Living close to your tenants means it’s easy to handle minor repairs and keep an eye on things, but it also means boundaries can blur.

- Do you handle evictions and the legal aspects involved?

Consider hiring a pro that can handle this for you.

How do you handle it?

I’ve been in similar shoes, starting out small and gradually building up to handling larger projects.

Whatever entity formation service/person you choose to handle your asset protection, before you commit to it, be sure that you have run the entity formation matrix past your taxperson and received a quote for the yearly cost of accounting and tax prep for each shell.

- How many evictions have you handled?

The question is how you plan to handle the loan after this period.With the lower rate (6.375%), your interest-only payments will be more affordable, and you'll still have the flexibility to pay more toward the principal if desired.4.