Check your state laws to see what is allowed and use a state-specific lease.

Focus on enhancing the guest experience, and check Lynchburg’s STR regulations for potential costs.2.

I got lucky that the tenant wanted a house in my neighborhood to keep kids close to their schoolsHouse was listed for 1750, they offered 2250 but I declined , so they offered $3k, ended up renting the house for $3250 ($250 pet rent) per month, for 3 month, open to extension if needed.I met the tenant and did the background check on them, I felt comfortable renting to them THD takes time with approving the property, but they were quick to approve the lease, and they sent me the checks the next day after lease signingMy house is not furnished, and they were ok with that , they actually work with a company that provides furniture for the tenant, and they coordinate the delivery and setup of furniture on the lease start dateOverall I like the experience working with them , but hey today is day #1 (out of a possible 3 months), so I will update this post if anything wrong happens or if I notice any red flags

Material participation isn't just a box to check; it requires active involvement in the day-to-day management of your properties and meticulous time logs of not only the investor’s time but also other parties (like the PM company) activity.Navigating Short-Term Rental Tax Strategy:So, how can you avoid the same fate as Jackson?

After doing a background check on him I found out he is registered as a sex offender for "lewd conduct with a minor."  

Hi @Paul Rook, I don't have any experience with the company you mentioned but a handy resource for homeowners to check ANY contractor or trades person is lni.wa.gov.

Also, do you reconcile your management income to check to see your charging what is stated in your management agreement? 

Quote from @Kyle Souza: From this groups experience, what sort of "gut checks" do I need to make to make sure I will qualify for debt on my first Apartment Acquisition?

However, my favorite method is still the simplest: checking the cash in the bank.Each week, I look at the current account balance (minus any outstanding credit card balance), compare it to last month's balance, and even check back to last year’s balance.

Set up a clear scope of work and schedule regular video check-ins with photo updates.