To record it as December, you would have to back date it and the bank reconcilation would be off.

Just got off the phone with another DIY landlord looking to hire a PMC.They really didn't like our response to their question, "How long does it take you to find a tenant?"

That's why I would target them a week before foreclosure sale and put all effort on homes that were all but certain to go off the hammer. 

Michael - you can use this platform and FB Groups in order to find off market, live STRs in all of these neighborhoods.

If they just represent first time single family home buyers and aren’t constantly finding off market properties and reviewing deals, you’ll find a better investment through someone else. https://www.kiavi.com/blog/out-of-state-real-estate-investin...https://learn.roofstock.com/blog/out-of-state-real-estate-in...

That can be tough when it's a one-off job or you only have one rental.

My core investing philosophy is pretty simple, and has done very well across almost two decades and numerous cities:1) Invest in cities with population (and job) growth2) Invest in parts of the city where household income is near the median (or slightly below)3) Invest in properties that provide cash flow from day 1 Thank you for sharing that. 

I'd like to use this to make an "all-cash" offer on a SFR, and then convert that to a conventional mortgage to pay off the HELOC.  

I have a mix of long term rentals and STRs and rent some of my STSs mid term in the off season so I am happy to share my thoughts and experiences with each strategy in this area.  

If you think you'll hand it off to your PM to run and take the great amount of passive income as your great reward, there is so much more to it.