Do to the state mandates that require 100% reserves in all categories, combined with the rising cost of their neighborhood insurance policy, my strong recommendation is you find out what further anticipated spikes in association dues & if any possible special assessments are looming.

My buddy sold for ~$500k over its existing use value and no contingencies and did not even convey existing tenant’s deposit.  

The requirement for a notary to oversee the property transaction further safeguards the investment process, providing both parties with legal protection.4.

I ended up taking a different path.Also keep in mind some brokerages will require you to pick one or the other.  

Some of the new laws in the state house will require you to provide Air-Conditioning.

Point being if you are leveraged to the hilt with no cash how are you going to make those required repairs etc?  

Rental should be $1,600 a month.This year, I plan to build one more rental property, and it will require financing.

The standard rule is $250k per person who legally owns/occupies for the 2/5 year requirement. 

That’s like depositing $300 into a savings account every month.Plus, it’s an investment property, so you can depreciate it to save on taxes.More Than $1,500This isn’t just about making $1,500 in rent—it’s about building long-term wealth.

PM fees are high, exactly because so much work is required in managing STR.