Now working on my short term properties as I like to do hands on maintenance or designing and financial strategies as much as possible.

4) How to control maintenance costs.

Sometime in the next month or 2 we plan to choose the exact property.Short-term goal: Buy a turnkey single family or duplex which cashflows even after accounting for management and saving for future vacancies, maintenance and capex.

But if I’m buying 20 -40 lower priced properties annually I may decide to skip title insurance on the buy side and substitute a thorough title search.  

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Those three tithes combined resulted in an ~23% giving rate not 10%...each is 10% with two of them annually and the third every three years.So all that said, Christians ought to give from the heart (2 Cor. 9:7), regularly (1 Cor 16:2) and if you struggle with the amount pray and consider what is placed upon your heart (James 1:5).

Make sure you stay up on maintenance.

@Minji KimRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which is VERY important for stable rental income and low property maintenance/damage.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

I am trying to make sure we do all the necessary updates, maintenance, requirements to the property before putting it up for rent.

Automation of Property Management: Say goodbye to the days of tenants texting and calling you at all hours of the day to report a maintenance issue.