The insights shared by the Realtors, @Zeke Liston, @Jimmy Lieu, @Nathan Gesner, @Samuel Diouf, @Sam McCormack, @Min Zhang provide a solid foundation for anyone starting out in this industry.From a property management perspective, it's great to see you're considering the long-term rental strategy.

I used 7/1 arm provided by builder. its 5.25 with 30% down payment

Hi Raif, Could you provide interest rates and payoff amounts? 

If you intend to vacate, the original lease agreement states you have to provide a 30 day written notice of your intent to vacate.

The agreement is contingent upon the buyer securing financing which I was not able to do and have provided a denial letter.The seller is requesting money for damages because the appraisal came in at the purchase price but needed a heat installed in the kitchen which the seller agreed to install (Not in writing).

Who is your favorite DM list provider and why? 

We used one of our existing local lenders to provide the majority of the purchase, and the rest was provided from our investors.

They can provide valuable insights.Run the Numbers: Create detailed financial projections for each property you're considering.

My bookkeeping firm provides me with a steady active income, which allows me to keep doing deals, cover unexpected expenses, and navigate the occasional black swan event.

A service is provided, you must pay for it, period.