For $150,000, this could be $3,000 to $7,500.Investing in a Rental Property: Costs and ExpensesDown Payment and Closing Costs:Down Payment: Assuming you buy a $300,000 rental property, you need a 20% down payment ($60,000).Closing Costs: Typically 2% to 5% of the purchase price.

Depends on the contract language, but under typical language the seller is obligated to the sale if all contract terms have been met, and the jilted buyer can usually get a legal block prohibiting the sale to another party.

Typically spreads on loans collateralized by CDs are around 200 bps. 

I typically work with out-of-state investors to help them capture equity and build portfolios by managing start-to-finish value-add projects.

While I'm not a legal expert, in Illinois, landlords typically have the right to serve a 5-day notice for unpaid rent.I had a friend who faced a similar situation with a tenant who was a traveling professional.

Quote from @Austin Lukes: Quote from @John Mason: From another post from this forumClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Regs can run the gamut:  STR licenses are unlimited and available immediately with no restrictions, STRs can only be rented so many nights/ stays a year, STRs can only be in designated areas, the number of STRs are capped and there is a waitlist for a license.As others have mentioned, typically an unregulated STR will have more revenue than a LTR, but it will require more consistent work and effort.  

The key issue here is that K-1 losses from real estate activities are typically considered "passive losses" for tax purposes.

@Colton Kotylo, typically the answer is yes unless you hire another buyer's agent. if you hire a new buyer's agent to represent you then you only have to pay the new agent. 

Typically, first time buyer programs are saved for those who are going to occupy the property, not investors.