We require the remainder two weeks prior to check-in.If they cancel more than 30 days before check-in, I keep a $100 processing fee and refund the remainder.If they cancel 15-30 days before check-in, I keep the 50% they put down.If they cancel within 14 days of check-in, then I put the rental back on the market and try to fill those days.

@Joel Owens Thanks for chiming in! I

Hey Danilo, it all depends what city it is in. I

I didn’t know anyone in this town and jumped in. I

Or is it possible to have property manager only to help rent out during turn over, once tenant moves in, I can build a local team and manage on my own.

The market I am in is basically the greater Charleston area.

You have a few options depending on what you have saved up and what strategy you are interested in. I

Granted in is imperative that one has a heart for helping those in the throws of addiction, I don't believe you could or would even want to pursue this business otherwise...

The price to get in is obviously TOUGH, but if you have a pile of cash to play with, it's hard to argue with or beat the long term results of the cities with the best job markets and lifestyle (for those who can afford it) in the world.

I am very new to investing and in fact haven’t actually invested in anything but the home I currently live in. I