Employment is a key factor in tenant approval, and a good tenant should understand that.🔹 Final Thought: If a tenant is already pushing back on basic screening, it’s often a sign of future issues.

So now I have both my personal residence and a leased property as STRs.Even though I live 3 hours away from my leased STR property, I've built a team that assists with managing it, so I don't have to be there all the time.Here are some key things I've learned:Regulations: Research the specific STR regulations in the state and city where you're looking to buy.

I was young, poor and a friend who was a broker called me when a dump in an upcoming neighborhood came available.

Repeat the process to earn a $73,375 gain, which you roll over once more to end three years with about $174,000 and a 348% return.

A popular Excel template is Vertex42 as it automatically includes spaces for property details, rental incomes, expenses, and a summarizing sheet.

Initially we did a light renovation on the rental unit and a larger renovation on the 1st floor.

A law suit runs about $25,000 and a year and a half.

What started off as primarily a second home with the possibility of short term leasing quickly flipped to a STR first and a second home when not rented because demand is so strong right now for STR's in this area. 

Tampa’s my personal favorite (yeah, I’m biased), with strong growth, great tenant demand, and a balance of cash flow and appreciation.

Paid $50k down took out an owner financing note for $112,000 and a mortgage for $743/mn Front home rented out for $1,200/mn and back home rented out for $900/mn (currently on the market for sale).I wanted to give some feedback of our deals prior to digging in.