I wanted to work with someone who was going to pick up the phone when I called.From your first interaction with a broker/seller, show through your words and actions that you are honest and reliable.Lesson 4️⃣ - Buyers and sellers become business partners.I truly think one of the biggest oversights in due diligence is the seller themselves.

-While rent would be more expensive month by month, the idea of being able to take my equity out of my home and also being able to reduce annual repair costs, property taxes, etc. does seem appealing to me. 

Over the years some exterior maintenance needed, soffit/facia repair/paint, rubber roof on porches, new boiler, new breaker, new washer/dryer/microwave, tree removed, porch rail replaced....

Here’s how:Property Management: Outsource for $25/hour instead of spending your time on tenant issues.Administrative Tasks: Use virtual assistants for scheduling, bookkeeping, or paperwork.Maintenance Coordination: Delegate routine repairs to trusted contractors.The cost of outsourcing is often a fraction of what your time is worth, freeing you to focus on high-impact activities.

What is the service life on this piece of equipment.If it has capacitors the service life could be 10 years, or they may have a service life of more than that, but they don't live forever (what about repairs?).

I ended up putting in $20k for light cosmetic repairs, which then allowed me to bring rents up to market.

I take a picture of their driver's license.I ask for phone numbers that accept texts and any alternate land or business phone numbers.I ask for the names and birth dates of anyone under 18, and ask if there are any service / emotional support animals, together with their names and breeds.I also ask for personal references, previous landlord contact info (and length of time there), employer contact info (and how long there, together with earnings), as well as the name and contact information for their manager / boss.

I'm also finding that a single large repair can wipe out a whole year of income, making me wonder if cheaper cashflowing properties is the right play. 

Quote from @Benjamin Lingo: Quote from @Shafi Noss: I may be able to fund thisHi Shafi I will send you a message with my phone number and email address if you would like to discuss.

Repair costs would be $150k.