When you can communicate both your strategy and criteria (and are financially credible), you can leverage your network and get meetings with brokers who are willing to shop for you.

Depending on the situation, it could still be worth it for SFHs especially if you have capital gains or other income you need to offset this year.  

I'm just in a bit of a chicken-egg situation.

And, I think most women would choose a midwife that has gone through pregnancy.Like the OBGYN situation, there is a lot a CPA may not know about the rental business from debiting and crediting some journals and filling out line 242 on some Turbo Tax input form.And, understanding the operating details of the rental business are just as different from preparing a tax return as being pregnant is from delivering a baby. 

Now the situation has occurred that we need to rent the house out in order to help pay for his long term care expenses. 

This puts both you and them in an uncomfortable situation, as you are inferring that they didn’t already price it fairly.Don’t make a list of the flaws of the property and use that to try to talk the seller down.

@Ketch BaysStarting small in a cash-flowing market is a smart way to gain experience and build confidence without overextending yourself financially.

What are things to look our for in this situation?

I'd really appreciate hearing from you if you’ve been in a similar situation or have any insights.

Get people financially educated and let them buy their own houses.