I’ll likely close on the property around early November and it will need small cosmetic updates, maybe a new deck, and of course new furniture set up.

Do you have any ideas or suggestions.I am working on getting real estate agent course set up.

When you set up the showing, repeat your main requirements, ask a few questions, and encourage them to pre-screen themselves so they don't waste money or time.3.

They don't have an eye towards understanding the hidden expenses in how a property is set up.

So outsourcing some degree of property mgmt would be a must... but the deal won't work paying a local property manager a large % of my revenue...Instead, I would set up my "boots on the ground" (cleaners, handyman), and would need an offshore virtual assistant to manage guests and coordination of my local team. 

Set back rules.

My recommendation for newbies is to start by setting financial goals and educating yourself.

- Acquisition Fee - 1% of Purchase Price- Asset Set up Fee - $8,500 total- Asset Management Fee - 3% of income- Disposition Fee - 5% of difference b/n purchase price and eventual sales price- Mortgage Guarantee Fee - 1% of amount guaranteed- Financial Services Fee - 5% of capital contribution of each limited partner- 65/35 Split: After investment repaidThank you in advance!!

I believe I am well set, I am targeting Smokies STRs and Austin LTRs.

BP Community,I’m hoping to get some community advice on a deal set up.Background: my partner and I have owned a rental property for about five years.