Make sure to research local rates for cohosting and management services to stay competitive.If you're doing this as a side gig or part-time job, it’s essential to time block, create systems, set expectations with property owners, and establish boundaries to ensure a smooth experience for everyone involved.We opted not to pursue rental arbitrage for two key reasons: dealing with landlords and the significant upfront costs to set up and run a profitable STR without the benefit of property ownership.

You may pay your servicer a small fee for title search and property valuation (some do full appraisals which can be $450-$600). 

Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.

The important points often glossed over are (1) is the buyer providing their personal guarantee to the seller for the note (2) is the seller maintaining a wrap position so they can foreclose in the event of default and gain ownership (3) is the buyer putting up additional collateral (4) how large is the down payment (5) what is the LTV (6) is this a personal residence for the seller or investment property (7) will the property cash flow and if so what will the cash flow be (8) is the property in a increasing, declining, or stabilized area (9) is the property being sold at market value, or above market value because of the low interest rate of the existing mortgage and (10) how experienced and what is the track record of the buyer, and is the buyer purchasing a property for investment or to live in or otherwise use.  

Orginially I was evaluating deals and account for tithes, but after expenses, debt service, and reserves.

Does anyone recomend a Rent recovery service or collections service that will go after a tenant who doesn't pay rent or skips out on the rent and leaves.I have their social etc. and they owe me 3 months of rent about $4500 and trashed the place. 

Many of us had portfolios during the GFC and had no issues (stable or increasing rent and only minor (short-term) declines in value).

On ETSY you can also buy hundreds of digital files of abstract art in different color pallets for super cheap ($10-20), then have those printed onto whatever type of print and size you like with Shutterfly or any other digital printing service. 

My paint account was with BEAR, and serviced by HD.

Most real estate investment and finance companies are hardbarred industries - only service-based businesses like financial planner firms and RE brokerages are allowed.