For the first few years, I would focus more on the experience you gain than the money you earn.

Property management fees and software subscriptions are deductible, and depreciation reduces taxable rental income.This post does not create a CPA-Client relationship.

Some programs will do the full LTV that a long term rental would have and some lenders will reduce the LTV by 5%.

of course, but you are taking that chance with your hard earned money. if you cannot afford or do not have the time to make a few trips out of state investing is just not a good idea  for many reasons.  

Well, three top reasons come to mind:It will allow you to deduct their earnings on your own tax return.It is required by law for any person to whom you paid at least $600 in 2023, total.

We helped her move to PA from FL, provided a furnished apartment at a reduced rate for a while, etc.

It only makes sense to invest remote if you have a large economic delta between where you live and the income you earn and the market you invest.

Those who have figured this out have earned my firm's business; I'm not willing to be held hostage by 'process.'

Without these connections, you’re likely to spend more time and money finding reliable help.Enforcing Lease TermsProactively managing tenants and enforcing lease terms reduces the risk of evictions and other issues.

For every day after the 30-days, the permit fee is reduced by 10% of the permit fee.