Whenever near the beach other factors need to be considered such as flood, wind hail insurance. 

@Carlos Lopes- thanks  - your points about accelarting the loan  payoff are  accurate ....the main downside to this is that whatever funds you are using  towards the  extra  paydown - wont be able to  work for you in some other  way .... if the  property is treading water  with the min payment being made - let it ride  and the loan will pay down on its own ....and then use your  extra  funds for  other  purposes 

It's not all rainbows & unicorns, but the city has turned the corner on recovery and those that get in now, in the right areas, should ride a solid recovery wave to wealth.Now that we've covered that, read our standard copy & paste advice about rental investing below:)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

It's simple, can see what's coming in to account to confirm paystub, but also get to see if there riding $0 regularly, or saving.

Someone is taking you for a ride.

The nations poorest riding is in Winnipeg, once upon a time I chatted with the MP representing it.

The owner also provided daily cleaning services, access to dedicated Wi-Fi, access to beach and recreational equipment, and prepaid ride-share vouchers between the rental property and the nearest business district.

It's been a bumpy ride getting to the first deal, and the fun's not over, now that the rehab is underway.

They are really nice but if they ask you for a ride to town you will be stuck there while they run 6 more errands than the one they asked you for.

A 1031 exchange is a great option, but only under certain conditions if you end up making money.If the property is performing poorly, it makes sense to sell and put your funds elsewhere, unless you have a buy and hold strategy and you are okay with riding things out for a bit.Single family home rentals aren't what they used to be in terms of profitability.