Something will come up that you do not understand or do not have to knowledge to deal with.

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

Hello!I am new to the real estate game and got my foot in the door by purchasing my first property as a live in renovation. It has been a very exciting and humbling experience. Im towards the end of my renovation and ...

What I am trying to understand is after Coachella ends, would it still have the strong recurring demand/occupancy for STRs?

Does it mean something I am not understanding?

@Brett Coultas if you're a newbie, you want to be careful of an "investor friendly" agent selling you something they truly don't understand:(95+% of agents only know how to handle owner-occupied transactions - you can verify this by asking them calculate ROI for you or Cash-On-Cash!

@Jeffery Jones you understand you'll be buying Class C & D properties, not in the best of areas?

I would look for an experienced agent of my own who understands what is standard for your market.

Understand the local permitting requirements, keep eyes on your property to avoid squatters, and make sure you have a great vacant insurance policy while you're renovating.

Welcome to BP.My biggest piece of advice is to understand risk premiums in real estate.