Building relationships with them early is key.For tenant communication and rent collection, tools like Buildium or Avail can make life easier.

Consider structuring your investment through an LLC for liability protection and tax flexibility.This post does not create a CPA-Client relationship.

Lived in Columbus for 13 years, 600+ transactions, development experience, new builds, 40+ rehabs, DM me if you want to know about the market. 8+ years on the forums advertising and building relationships with investors in almost every state.

Property management fees and software subscriptions are deductible, and depreciation reduces taxable rental income.This post does not create a CPA-Client relationship.

Also helping was a relationship with that bank (deposit accounts) and good credit. 

I find that regardless of the bank you go to, they often follow the same type of rules and can be stricter; however, some might favour you here or there based on the relationship you would have created with them.- My advice; however, is to work with a good mortgage broker as they often have access to more lenders (B or C lenders) that might be more flexible than the 5 big banks.- Finally where to buy: in general, ON, BC are expensive while AB, QC follows and other provinces, such NB, NS, PEI are much much more affordable.

This can be costly for your property manager, and you may have to pay for their insurance policy, which can add unnecessary expenses to your budget.It strengthens your relationship with your property manager.Adding your property manager as an additional insured is a gesture of good faith that shows you are committed to protecting their interests.

Detroit requires strong local relationships to navigate things like neighborhood nuances and property management effectively.

It's a winning combination of direct access to industry experts coupled with building lasting relationships and get direct feedback on your strategies in small-group format.

I hope you are working with an excellent agent or broker, they can create leverage and opportunity for you while protecting your interest.