@Patricia Andriolo-BullStessa is an excellent platform for tracking income and expenses for investors; it is user-friendly.

It’s worth researching to see if this might be a good fit for your situation.Lease Structure and Clauses: Work with an attorney to draft a lease with strong clauses for late fees, maintenance responsibilities, and other terms to protect your interests.Target Stable Tenant Profiles: While no tenant is risk-free, targeting tenant pools that historically have more stability (e.g., retirees, dual-income households, or tenants relocating for work) may reduce risk.Stay Up to Date on Landlord-Tenant Laws: Understanding your rights and obligations can help you navigate issues more effectively if they arise.That said, if the potential risks are keeping you up at night and the financial pressure of an eviction would be too much, selling may still be the best option for peace of mind.

I know I can create a series of my own documents regarding this in Word and Excel, but am wondering if there is some kind of software package out there that handles this problem?

Showing ID is not only a safety measure for yourself and the other person, it also helps to reduce fraud if someone is unwilling to provide identification and is being this difficult with a simple ask, then I would also question whether or not they would be a good fit as a tenant

Since seller-paid fees usually cover their services, you get local expertise without additional expenses.Final ThoughtsLive where you like, but invest where you can achieve financial freedom.Out-of-state investing has proved to present excellent opportunities.

But if your budget is tight or your home only needs minor updates, your real estate agent can help you think outside of the box by suggesting simple DIY staging tips to help your home look its best.Bottom LineStaging your house properly can make it much more attractive to buyers, but it’s not a one-size-fits-all solution, and every home shines differently.

Not only can they handle risk management, but they also excel in marketing, optimizing the guest experience (leading to positive reviews and referrals), and leveraging technology such as booking platforms and pricing tools.

My W2 income is very high (+$500k), excellent credit, but I hate my job and I want to leave within a year or two. 

I think one of the older resorts that still do allow short-term (Airbnb rentals) would fit the bill.

You might consider starting with a small property that fits your budget and gradually expanding your portfolio as you learn the ropes.