Get a signed bill of sale including the furniture at closing for tax depreciation.Communication is key! 

This in turn will kill your exit strategy if you are not doing your due diligence and playing conservative.

I'm also seeing lots of homes for sale that were used as Airbnbs, so I'm wondering if that along with these numbers may indicate it's an overly saturated market, and if these are signs that maybe I should keep searching for a stronger market, or just a property that cash flows given the average annual revenue?

I purchased my first buy and hold SF rental property last year and turned the property into a student rental as it was very close to a local College.

A bit concerning if the market takes a turn but overall and overtime we will be in a good postion.PS - Since 2003, Dean & DeWitt Property Management has helped investors buy, sell, and manage investment properties in the St.

Based on my experience managing a significant number of rentals, leasing back to a seller can work, but it’s essential to approach it carefully.Lease Start Date:The lease should be signed at closing and start on the same day—Monday in your case.

Unsolicited phone call offering to buy a condo I own 500 miles away in Texas panhandle.  Price is probably above market,  17k down finance 75k @ 3.8% 35 yr amortization.  3 year balloon.  Also offered cash at 30k less...

And, at least for me, there always seems to be either someone that is willing to make pennies on a flip or someone like my builder partner, who can always do the work for so much less than I could, that he can pay more for a property and still turn a healthy profit.Thank you the insight.  

You also get $50 automatically when signing up with Invelo, no matter which plan you choose.

We probably would have renovated the main house also, and turned that one into an Airbnb if we had really thought about it back then.