If you can, try to have an end result in mind.

Keep in mind that landlords in expensive markets aren't making an profit (cash-flow) on rent.

If that's the case, you would charge rent + utilities + water or just lump it into one rent fee.One thing to keep in mind is that friends often bail on deals like this once you get it so you have to be prepared to have to figure it out if you get the house and he isn't interested.

Looking to connect with the seasoned folks, mentors, and other like minded folks.  

Are they going to be around for a while@Lena Truong if you wouldn't mind sharing your experience again in a couple of months, that would be great!

@Yixuan Du I would recommend going to local Real Estate Investor meet ups in your market to meet like minded individuals like yourself who have already done what you want to do.

  @Brian Winberry:  Mind clarifying your Branson deal, you foreclosed and 90 days later sold it on the steps, assuming for more than the note balance was.

You should go to your local REIA, there are like-minded people at these events that can always give you tips and insight too.

I’m excited to keep learning, find some local meetups to connect with like-minded investors, and start building a solid team to help me achieve my goals.

Keep in mind not a lot of people are willing to do the shorter term rental so everything is negotiable and they will pay a premium.