Understand Their Process – Clarify loan requirements, turnaround time, and potential challenges before moving forward.

One of the biggest challenges for everyone involved is being on the same page about the actual time required for maintenance.DIY landlords rarely properly track their time when it comes to property management in general - tracking their true time invested in maintenance is where they perform the worst.Investors that hire PMCs are rarely any better at understanding the true amount of time maintenance takes.

I actually like them because the homeowners' association (HOA) usually covers most of the insurance, and there is very little maintenance required.

Managing self-employment income requires tracking eligible deductions like business expenses, home office use, and retirement contributions.

@Eric Smith A 1031 exchange with a related party is possible but comes with strict IRS scrutiny and holding period requirements.

Cheap items will break sooner and require replacement, and will make your place look cheap overall. 

You prpobably don't care about Ohio, but their requirements might be instructive.You can only file January 1 through March 31.

I know there is not a ton of resources that don't require large financial commitments, just wanted to see if anybody knew of cheaper alternatives. 

Conventional loans will require 12 months seasoning for cash out and are usually capped at 75% LTV 2.

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.