Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

You can just have people rebook if they want.We bought our lake house for use to use on occasion as well.

I'm currently in a rent to own house we are moving out of and will be renovating and renting.

They had previously been combined into one house.

Learn your market inside and out—know property values, motivated seller strategies, and how to analyze deals properly.

So simple.Email & Marketing: How are you handling outreach, automation, and social media?

My DP was around $20k and when I sold it I cleared over $200k.Good luck to you and let me know if there's ever anything else you'd like to know about house hacking.

The key for me wasn't to invest in the 'best place' but to know a market so well that a deal jumps off the page when it appears.

@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.

I'm calculating which markets are the hottest and going after them.