Build an emergency fund to cover unexpected costs, and ensure you can manage the mortgage without STR income if needed.

I was agreeing about your comment as to having a mentor, then I realized I didn't have a mentor when I started.Brandon, there were books, I skimmed the "Paper Game" don't recall the author but it was conceptual and a little too fluffy for me, I didn't really start by using anything in that book, if I did, it was by accident.

As an investment property owner, this means less maintenance and fewer unexpected expenses from storm related damage, often resulting in more affordable insurance premiums, less wear & tear on mechanical equipment, roofing materials or exterior surfaces.

Did you encounter any unexpected hurdles in the resale market?

There are ups and downs, and as you have been in business for 9 years till you closed it, there are unexpected turns, or expenses that you really do not see around the corner.

Some unexpected vacancies.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.

With a trusted team, you might avoid delays or unexpected costs.Advice: If you lean toward BRRRR, build a solid local network.

(Car accident, dog bite, pool drowning, whatever.) 

Hey Fiona, I started out house hacking by accident in 2015 and I couldn't be more thankful.