Is the process the same as buying property in Canada?

The latest red flag is his belief he purchased a "fully renovated" property in Philadelphia for $115K.

Focus on absentee owners and start with the ones who live the farthest away and only own one property in the area since they have the least use for the property.You can also drive for dollars, looking for anomalies of disrepair and then look them up in the tax records and use a site like Spokeo to do cheap skip tracing.

I came across this brand new property, in a great intersection that’s leased out to LazyDog restaurant & running well.

We now invest in the Detroit market place where we have established a great team on the ground and are finding properties with great numbers.

Most of the large lenders have affiliate programs and will teach you for free to represent them.

Just google all the property management companies in your area.

@Tomoko HaleWith STRs its not just purchasing the property. 

This also added AC to the property which it didn’t have before. 

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.