STR is becoming a difficult strategy because there are so many costs (furniture maintenance, utilities, internet, etc.) that you have to factor in and if you are in an oversaturated market, then unless your property is unique, you can only compete on price.

We wouldn't start custom coding without a formal agreement in place.Your monthly or yearly spend isn't a determining factor for us.

Take the below with a grain of salt.When deciding whether to form an LLC in the state where your real estate property is located or in the state where you reside, several factors need to be considered:1.

If your looking to purchase long term rentals low crime, proximity to amenities, and good schools all factor into that.

Take your monthly rental income and then subtract ALL your monthly expenses: Mortgage, Interest, Taxes, Insurance, Property management, utilities, vacancy factor, maintenance/repairs, etc...

Schools rating drive many other factors and it’s an important criteria to consider.

What I will say is while this property has 15 beds it is only 4500sf not sure if that factors into the insurance much.

Factors I consider before giving the seller an offer:1.

This would depend on a number of factors (including whether an appraisal is needed). 

You also have to factor rental days vs. personal use days.