Does it cashflow as you expect/require?

Tighten up your requirements.

Vacancy & Risk Management✅ Plan for at least 1-2 months of vacancy per year to avoid financial strain.✅ Understand eviction costs and legal processes in case of tenant issues.5.

But its best to have them in LLC to avoid personal liability.

That does seem high.Best practice to avoid surprise water bills like this in the future would be to request copies of the recent water bills while under contract for due diligence.

They may get paid on the 3rd and need to not initiate a payment until their paycheck hits their account to avoid being overdrawn.I personally have a 5 day grace period and rent is considered paid when the transfer is initiated.

Using a Whole Life Insurance (WLI) loan avoids banks but accrues interest, potentially reducing policy benefits—compare this with other financing options like HELOC or seller financing.

You will probably need to stay for 2 years to avoid Capital Gains.

., mortgage interest and property taxes) requires careful allocation.

A professional home inspection can help you avoid costly surprises by uncovering potential issues before you buy, renovate, or rent out a property.Key Areas an Inspection Should Cover:✅ Roof – The home's first line of defense.