Make the start date of the lease contingent and effective upon closing. 

Even if you rent the house for $2,000 a month, you will still lose because of maintenance, vacancies, and the expensive mistakes common with newer investors.You can borrow up to 70% of the equity.

Keep in mind most REI is a combination of monthly cashflow and appreciation.  

Being clear about what you want to do from the start not only helps you stay on track, but it also makes it easier to spot problems or delays before they happen.I totally agree that talking to people is important.

We are the most productive STR in our area and bring a lot of revenue to the little town.

However, when I requested our EIN the letter stated, "Based on the information received from you or your representative, you must file the following forms by the dates shown.

We do have a few deals under our belt up in Michigan and looking forward to our new adventure in Alabama.

This topic is up for HEAVY debate. 

I know a lot of investors have done very well in Peirce County but I just haven't learned or know enough about that market to make an investment there.Washington state properties are expensive and can be difficult to make breakeven let alone cash flow at this moment due to the combination of high prices and interest rates. 

I've been reading how the PNW is the worst place to invest.