And if you have been keeping people's contact info, you could pass that on to him as well so he can send out a change of ownership letter.it's just going to depend on the specific property and the specific buyer that wanders along.

Being able to A/B test MTR at the same time would allow you to know if you can convert the STR to MTR if you ever want to move out and keep the property.As for the net negative house hacks - I always like to remind people that shy away from a deal because they aren't making money that they are usually still coming out ahead if they are spending the same or less than they would on rent.Great last point.

Keep an eye on those delinquency rates and ensure that the property manager is proactive in rent collection.Maintaining open lines of communication with property managers is also part of the process.

Once you narrow down your markets, you can keep an eye on the markets and become attuned to them.

You can use bat insulation or spray foam, which has the added benefit of giving you an air-tight seal and also keeps the bugs out. 

The quicker you can take action on the high dollar value decsions the quicker you will be able to grow.For sure take the time to setup the right foundation, but keeping it simple and easy when you are getting going is a safe bet!

Sometimes it can be difficult to collect and some landlords will keep any unpaid utilities out of the security deposit, though CA is one of the trickier states to do this in.

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

Keep in mind it’s more than likely most of the competitive banks these days for real estate investing may not be local!  

Please keep us updated.