Purchase price: $115,000 Cash invested: $42,000 Sale price: $168,000 Unfortunately, we bought this property as a buy and hold property, and our research led us to believe that this neighborhood was up and coming not in a bad area of Jacksonville.

My latest vacation rental property is a charming 2-bedroom, 1-bathroom townhome located in Seattle's Queen Anne neighborhood.

Another alternative would be to buy the property yourself, keep the mortgage in your name but have your daughter on the title.

Since the high rent properties usually involve less work.

We don't want to bring on every owner or every property unless they fit within our target market, so, I do the far majority of the sales - this is our check and balance.

I've been looking at some properties and before I get started, I wanted to know does anyone have any reputable General Contractor/Contractor along with property manager in Columbus, GA because I haven't had much of luck in that department yet?

@Jillian Alonge A HELOC provides quick access to equity for your next property but transferring the property to an LLC via quitclaim deed may trigger the due-on-sale clause—check with your lender.

If you are living there you can keep the 4% rate.If you are not living there you can rent it out to pay for the property taxes. 

In your instance, as the owner of the property you can have a direct non-licensed employee to perform property management.

Quote from @Sendil Thangavelu: I have a property in Ocala, Florida with well water.