Undoubtedly, the biggest regret is getting involved in the short-term rental market.

This way, they’ll have a vested interest in maintaining high standards of management.To truly understand property dynamics and support the management team, I recommend spending time on-site.

If you don't have an agent...well...nothing is a problem until it's a problem but our advice and opinions are meaningless if you actually need to use your insurance.It's vitally important that you understand exactly what you have before you need it. 

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

For liability protection, consider umbrella insurance, and ensure your accountant understands rental properties qualify for deductions without LLC ownership.

The thread was intended to seek guidance on completing the deal, and even If I disagree with opinions I understand it doesn't make either side more or less valid.

Understanding that would be a huge help.

Understanding your market, what you are offering, and the kind of tenant you can expect to attract and KEEP will help you determine how to screen.

It’s such a big leap of trust, and unfortunately, there are agents who don’t always live up to what you need in this process.An out-of-state investment can be daunting, and it’s so important to have someone in your corner who truly understands your financial goals and is committed to building a relationship beyond just getting to the closing table.

They have taken strides to pave the way for ADUs - here’s the implications for real estate investors.It's crucial to understand Raleigh’s zoning rules for ADUs BEFORE deciding to implement this strategy on your current or future long term rental, Airbnb, student housing, MTR, house hack, flip, etc.