Other exclusions are roof replacement, anything requiring a permit, exterior painting if more than 5% of surface, "maintenance related to the garden, lawn, or landscaping," anything covered by any of the various required insurance policies, etc.

It is regional, but I find some of the newer homes where I am have more open living areas, but the bedrooms are smaller as are some of the lot sizes.To get a new mortgage, your rates are likely going to go up, but if the new home was well built, you shouldn't have to worry about things like new windows or a new roof for a while.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

With your experience, it definitely makes sense to handle most of the renovations yourself—it could save you a lot.For financing, you could consider a hard money loan to cover the purchase and rehab.

However, to protect yourself, you should also obtain a separate STR or landlord policy that covers the specific risks associated with renting out the property.

Finding a solid property management team is crucial, especially when managing from out of state.Having everything you need under one roof can really make a difference.

But if you use multiple emails as I do for my businesses each Gmail account will have its own google docs space, I found it hard to manage all under one roof.

I’ve heard there can be liability issues with having a pool at rental property, and that insurance companies don’t cover rentals with a pool.

Your insurance covers your stuff.

I had an inspection done and the house needs a new roof.