As for the leak you have the right to repair your home so you can simply say the plumber will be here at 2pm tomorrow and you can let the plumber in. normally  the tenet has the right to live in peace meaning that you can't just come over whenever you want but that right is waved when you need to repair your property.

But want to have peace of mind and buy my first real investment cash.

To me it would be worth the peace of mind.This doesn't mean you can hire any PM!

Most of us choose to purchase insurance for financial protection and peace of mind but there are always some who take that gamble so that they can save the money.

Maybe it's because I have extensive construction experience and I did things that even my subcontractors saw as over the top and the buyers won't even notice but it's the peace of mind that it was done right.

Are there other tax benefits associated with owning rental property that would apply under the current tax environment?

Are there other tax benefits associated with owning rental property that would apply under the current tax environment?

It's going to cost you a share of your profits, but it might be worth it to you for peace of mind and for the experience you will gain in the process.

Having a HELOC that adjusts every five years is great though especially in the raising rate environment that we're in now.

It's way too shaky of an environment for the long distance STR operator.