Only exception is "blood or flood" emergencies (everything is an emergency to a tenant).3) whatever your tax professional recommends.4) Any way but NOT picking rent up or accepting cash - unless tenant direct deposits to your bank account.5) You'll want to improve your lease over time as you deal with tenant issues.

We've done a few of these over the years and I've never had anyone pick Option #2.

Please feel free to reach out if you have any other questions or want to pick my brain. 

I also don't quite see it as being the same as picking a city to live in - I went through that process in choosing Austin but that was more emotionally driven. 

An LED lights up the room so much better and does not get dusty.No, the house does not have central air, but this is Ohio so A/C window units are commonly used for the couple months of the year they are needed.I just picked up 4 matching ceiling fans for $25 a fan on Facebook Marketplace. 

I'd be happy to chat a little bit about various U.S. markets, and opportunities available south of the border.If you like the idea, then we need to pick a date, time and location. 

We listed in December 2019 and by March 2020 - things picked up very quickly.

@F Thomas Gehrig your Pro membership gives you access to RentRedi for free.Start using that.Also, NEVER pick up rent or accept cash!

Look at the existing inventory in you're area, find an investor agent who has experience with house hacking, pick the best option currently on the market that fits your budget and make the offer. 

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.