Plus Mike's Deals of the Day!

(Again, ask the bank.)These days I lean toward flips (which is unusual for me) but if the numbers show it cash flows all in with a 7% loan, then sure.

it's true the SFH or small multifamily rentals barely will pencil anywhere these days for a couple of years now even though it's the best way to really learn RE investing as a beginner. 

Since we will be investing remotely, we plan to work with a property management company to oversee day-to-day operations.Does this sound like a solid strategy for a first investment property?

I'm trying to understand if the lease begins on the day of closing or the day after, if closing is at 2pm. 

Regarding vacancy periods, you'll need to understand, Days On Market (DOM) - or find a great PMC that understands and can explain it to you.

Their entire business plan is wait a few days to come out, charge  deductible, go back to the office to order a part or two that will come in a day or two.

Generally need to show 90% occupancy over past 90 days. 

I have sent him a letter that he has to move out in 60 days, but did not give reasons why I decided this.

If so, you can get the mail each day and deliver it to your renter.