Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

The property has a decent-sized lot with a carport past its shelf life.  

Utilized a low down payment loan, maxed seller credit, tax proration and closed on the 1st of the month to maximize my cash and acquire this property What was the outcome?

Quote from @Mitchell Coles: In Ohio, property liens are typically recorded at the county level, making the County Recorder's Office a valuable resource for property research.

Also, what is the equity in the property?

@Brett K. we manage in Class C areas, so have to deal with this a lot.Options:1) Boardup - pretty useless as easy to rip the off and advertises the property as vacant.2) Armor Guard door frame reinforcement with temp double-key deadbolts.

I came across this brand new property, in a great intersection that’s leased out to LazyDog restaurant & running well.

My biggest challenge right now is finding a property management company that offers rent-by-the-room leasing services.

Focus on location: Look for properties near colleges or hospitals—they tend to bring consistent, reliable renters. 2.