Hi Everyone,I am doing some research and planning on buying a rental property next year (I am currently saving for my wedding).

I am one of the very few STR's in a town surrounded by 10+ wedding venues, university, businesses, mass construction, etc.

@Ted DavisSmall landlords can use property management software like Avail, RentRedi, Stessa, SmartMove, Zillow Rental Manager, Zelle, PayPal, Venmo, Google Forms/Sheets, Thumbtack, DocuSign, HelloSign, QuickBooks, Mint, and Google Voice to manage rental properties, manage rent, and track income, expenses, and budgets.

Unfortunately, I'm not allowed to attend any seminars or classes (due to budgeting issues), and I can't study for a real estate agent liscense and join a club until I'm 18.

Get to know your lenders, be aware of your spending, and perhaps budget a little extra for unforeseen expenses—trust me, they will arise.Location is everything, and this isn't just a platitude.

Eliminate debt, establish a budget, and save.

You need to have enough money, probably in the $100-150k, amount to put the property under contract, and do the feasibility study on the property, Phase 1 Environmental, Property Drawings for roads, water sewer, and utilities, and have a completed budget so you know what your costs are.At that point you can go out and attract investors, I don't thing that developing raw land is necessarily cheaper than buying discounted finished lots. 

I'm excited to dive into the world of single-family home flips, with a budget of up to $150k per property.

Does your budget allow for that many high-quality mattresses?

Budgeting with reserves: Roof, HVAC, and everything else that will wear out over time.Home warranty buyers = people bad at math.