If you fully understand the process, the potential for profit can be considerable but if you do not, it can be bad - real bad.

Consequently you either sell to the least qualified owner occupant imaginable, likely pay 6% seller assist, get crushed through the home inspection process or come to the conclusion going through that process 4 times is not worth the hassle and find an investor to purchase the homes as a package at a discounted price.

I don't think it should matter if the deal is seller financed, cash, or hard money; the title search and insurance process should be the same.

Maintaining that relationship beyond just the lease up process and whenever the tenant has a maintenance issue or lease expiration completely changes the dynamic of the relationship.

Looking to learn about things like out of state investing, house hacking, scaling portfolios, building a team / process.

It no longer makes sense to buy here.Anyways, we are in the process of liquidating most of our assets here and our plan is to start buying in Indiana.

Yes, you should be fine to place a tenant as long as you’ve already submitted your application for the lead certification and are just waiting for it to process.

Quote from @Thu Pham: Hi community, I'm in the process of acquiring my first STR property in Joshua Tree and have met with a co-host that I really liked.

Keep it straightforward at first, but know that experience is the best teacher—mistakes are part of the process and will help you learn.For ARV (After Repair Value), start by running comps (comparable sales) on recently sold properties in the area that are similar in size, style, and condition to your planned rehab.

The property either has to go through the tax sale process, receivership, or some other program (donation, etc.) to have the liens abated.