So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

If it's currently an STR they should be able to provide you with the p/l statement from prior years so you can see gross rents, operating expenses, average daily rates and occupancy levels.

I have used Prop wire for some skip traces, but the numbers and emails it provides were not associated with the property.

You need to provide at least 30 day notice to a tenant that you will not be renewing in NY State.

The company providing the warranty keeps most premiums as revenue and profit."

Additionally, you could also check with your insurance provider to confirm there's no active risk and provide that documentation to the lender as reassurance.

They provide fake checklists saying units are repaired according to agreed-upon inspection reports only to walk in to a home that is more damaged than it was during escrow.

Liability Protection: Transferring to an LLC provides asset protection but may not always be worth the hassle or cost.Next Steps: Review your loan agreements, consult your lender, and get advice from a real estate attorney and tax pro to ensure everything’s compliant and beneficial.

I provided a free rent back for 2 weeks so the seller could get her funds and relocate.

BRRRR continues to work for SFHs, and still provides steady cash flow, easy financing, and strong demand.