This means building a budget that includes setting aside funds for your next investment.

Instead of paying down someone else’s mortgage, you’re setting yourself up for bigger and better deals down the road.Your first deal is going to depend on a lot of factors—how important is location?

Set your keyword alerts for Redding, Redding Investors, etc. 

Perhaps when you get finished it is something I can help you set up! 

@Sami Gren I would not recommend accepting rent through a random App that you did not set up yourself.

We're fortunate to have an above-average income and live well below our means.This summer, we’ll be moving to Detroit (PCSing in August), and we’ve saved about $120,000 to invest in addition to having funds set aside for the home we’ll purchase in Detroit.The reason I’m posting is that I’m struggling to decide how to best allocate the $120k.

To set the stage, I'm owner of a short-term rental property in the Poconos in PA and we use a property management company for bookings, maintenance/cleaning, guest management, etc.This past weekend we had a guest booking but when the guests arrived Friday evening the house had no running water, though it had been running fine earlier in the day when the Property manager (PM) was at the house to give a final check and leave the welcome packet.

Once you’ve set up and marketed your rental, use the cash flow to scale your portfolio over time.

Remember you will also need help with set up, hosting and cleaners. 

And, just maybe you’ve purchased at a point where Detroit has hit its low, bottomed out, and is set to reverse trend and grow.