Manage Your PropertiesProperty Management: Decide whether to self-manage or hire a property management company.Maintain Cash Flow: Keep track of income and expenses to ensure positive cash flow.8.

I recently left my W2 job in pharmaceuticals for the past 26 years. 

I also house hack and rent a room as a MTR and I've gone with high quality items to ensure durability.

Just ensure you get a good quality tenant in the rental. 

However, if you choose to manage the property yourself, ensure you have a reliable system in place.

Continue honing your skills in reading court documents and conducting title searches to ensure clear titles and understand lien priorities, avoiding surprises post-purchase.

That’s the best way to ensure a profit imo with STRs since the going rate for a management company is 20% of your gross revenue.

The landlord should ensure that all tenants know what is expected of them, whether it is when the rent is due, rules they must abide by to keep the property in a safe and sanitary condition, respecting fellow tenants, or generally just being a good neighbor.I believe that the City has its proverbial head in the sand on this.

I didn't want to quit working, but I wanted to ensure my family was provided for if something happened to me.

If the title company remains uncooperative, consulting a lawyer to pursue legal action may be necessary to resolve this matter and ensure you're not held liable for the previous taxes.