I plan on buying a condo that I will later rent out.

Hi Rene,It’s great that you’re planning to level up your bookkeeping!

If both the criteria make sense, I am looking at the property in person and planning to make an offer if within my budget.

LTR Backup Plan: I want to ensure that if the STR route doesn’t pan out, the property could sustain itself as a long-term rental (LTR).

Hi @Erich Oertel,Definitely is based on what your plans are and whether it is land or for purchasing property.

My plan is to contact some local Real Estate Attorneys, and Title Companies, to give me hopefully some more knowledge.

Love when a plan comes together like this.

Bryan I would say PLANNING IN ADVANCE is key.Lot's of investors like GA as it's own of the best investment warm belt states in the country.You need to determine if you are going residential or commercial for the replacement property and what deal size.

Thanks River, I'm acquiring using creative finance, but i plan to remodel a bit, then keep this as a LTR

The management company emailed me the following on July 17 " Im working with the board in terms of fumigation, we plan on painting so this needs to be completed before then.