A comprehensive property inspection is a must to uncover potential repair costs and understand the true value.

The major keys to being a landlord is to not overpay for a property and have a comprehensive and consistent screening process.

The best thing is just to find a group that you feel comfortable with.I've tried searching RealtyTrac, Foreclosure.com, Auction.com, and others, and none of them have data as comprehensive as what the bid service teams can provide. 

Some things as a startup landlord you'll want to keep in mind when selecting a software:Does it have integrated payment processing solutions, ACH, credit card, etc.Does it provide you background screening reports, and how comprehensive and accurate are those reports.Does it give you a place where your tenant can login to make payments and/or view their account.There's a lot of great packages out there that would work well for 4 units and grow with you.  

It might run you $2K to draft a comprehensive agreement but then it takes out a lot of the concerns/issues.

Just my 2 cent.Thank you Laszlo for the comprehensive answer...Perhaps I should stay in Berlin :)

So my 12 year old is already looking for his next property, my 9 year old now thinks he want to do the same but doesn't yet have the comprehension of the basics to move forward, and my 14 year old just bought another pair of shoes!  

Foremost and Proper both offer up actual STR policies.Proper will be expensive but it is extremely comprehensive.

Check the cities comprehensive plan as well as the zoning code for more information.Good Luck.

There are so many so be sure to filter by your location. 4) Review this comprehensive 64 page deck on the state of the 2023 housing market (in your resource page as a member of BiggerPockets!)