In order to do this you need to have deal flow and you need to know 1) How to recognize a good, profitable deal, 2) How to put together funds quickly to buy the deal before someone else does and in such a way where you are protected and the deal is protected, 3) How to run the project so that you follow the budget and don't overspend or overbuild, 4) How to attract an end buyer or a renter and which documents to use to protect yourself and the buyer, 5) If you are going to keep the property then you need to know how to set up the property from the start to best help you in the refinance later, and 6) You need to know how you are planning on managing the property from the beginning in order to make sure it will be profitable at the end.

Thanks, and I look forward to hearing from you.

I own a townhouse in Arbutus MD, and I have been house hacking since this month.

When Helene/Milton hit we had local displacements and I suspended any rising rates (rising naturally due to spike to demand). 

I have not personally tried the Wire feature though.I am an Accountant and use it and refer my clients to it as well, connect with me and I will look to see what the costs are to send a wire, they do allow free check and ACH payments if timing is not a factor.I had a client who used Titan, and as an Accountant I did not like it.

Hey @Brenden Sperl, I did the same thing and I have not looked back.

If a dishwasher is 15 years old and the tenant destroys it, you can't really charge them much because the appliance is beyond the life expectancy.To learn how to determine charges for cleaning and repairs, you can read my book in my signature, Brandon Turner's Managing Rental Properties, or NOLO's Every Landlord's Legal Guide.

I am based in Virginia and licensing requirements here seem manageable.

Again, I’m so glad I found RTR and I will definitely be getting more rental properties with them.

I have 0 experience managing STR properties, but lots of experience using Airbnb from my travels 😅 I am halfway reading Avery Carl’s book on STR.