You learn the most about being an agent in the field and by choosing a good first brokerage with good training either in-person or online, depending on your preference.

Loans or lack thereof don’t impact tax calculations—only net profit matters.

I’d have a better picture by sitting down with someone at a bank, but I did a calculation online and the new loan on cashing out $130k would still be covered by the current rental payment.

It all starts with a website and online presence.Let me know if you need step-by-step directions how to do this right.

This is a matter of taking responsibility for yourself and stupid decisions.

Mississippi doesn't much care about such matters but lenders do.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

So it won’t matter if you forgot things like management fees (or the value and costs of your mistakes if you plan to self manage.)

We found this home through a combination of online tools and personal exploration in the area.

We found this home through a combination of online tools and personal exploration in the area.