I'm very eager to learn more as well about this process as well as potential flip opportunities here in central VA.   

My strategy is fluid at the moment with some of the national current events potentially affecting my job.

I have been talking with a few other real estate investors, some suggest to create a website to funnel potential tenants, setting up an automation phone line, and a callers list for screened tenants.currently have two rental properties.

Now, I think other ways to reach potential residents exist, and more cheaply.

I was drawn to real estate as a way of investing money I have saved up (around $130K with additional funds to leverage out of a 401K if needed), and potentially creating reliable cash flow over the next 10 years. 

Here are five crucial tips to help you stay profitable and avoid costly mistakes:Buy Smart, Not Just Cheap – In today’s market, finding deep discounts is tough, but focusing on properties with value-add potential is key.

There will be a promissory note drafted for the amount and the duration and interest rates.Is there a risk involved? 

STRs, in particular, are closer to running a hospitality business than a passive investment, with constant guest turnover, cleaning coordination, and regulatory risks.

But since you have already taken bonus depreciation while it was an LTR, this may not even be a concern for you.There're other potential complications such as a different depreciation schedule, treatment of previously suspended losses, and so on.

But 99% of the time they are so unknowledgeable I can smell it from a mile.It's worse in the Multifamily world, they are getting bold (and rude) by taking a broker's package, stripping the logos and contact details and passing it along to potential buyer.