An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

You will need a lawyer.You will need an appraisal.You will need a home inspection.You will need title insurance.You will need a contract with the Seller.You will need some sort of partnership agreement if not a bog standard common law agreement as defined by your state.You will need a survey.You will need to heed the advice of the attorney in whether you need any other documents, and in what any document must provide for.You will need to have in your above documents what happens if you don’t like what is revealed or if there is a failure to get a document.The presence of a real estate agent is irrelevant to those things.Do NOT focus on saving the commission.

Aim for 15% of purchase price in yearly revenue6) if you don't purchase turn-key, come up with a furnishing plan7) get pro-photos, find a good cleaner, either via Turno or preferably by talking to locals8) a lot of youtube videos will overcomplicate the start (launch of 5 platforms, build a direct booking site, get the worlds best smart lock, automate all sorts of messages, connect to dynamic pricing, etc.)  

I am not buying in cities for a downtown hip vibe sort of thing.When you research an area, first check and see what kind of rules/regs there are on STRs.

  "203k" is a term specific to FHA.There are all sorts of "w2" jobs. 

I’ve sort of been doing one or two deals at a time here and I’m trying to scale up to multiple deals at once so finding a lender that will help me by allowing me keep more of my cash on hand would be a great way for me to scale forward. 

It seems newbies are being sold Section 8 investing as if it's a) some sort of complicated strategy, and b) a silver bullet to de-risk out of state investing.As you and I know, it's neither.I have multiple section 8 properties in Detroit.

Just enough to not be in a high flood risk zone, but sort of at that borderline.

By the time you get down to $100/month after expenses, I sort of question it.  

I am not sure if there is a website/service that does this for a fee or if there is some sort of course/training that can explain the things you need to look for.