But if this is a one-off, it's probably better to pay a local co-host who already has the local connections.Talk to @J.

Minimum of 3 night stays, limited number of STRs in a particular neighborhood etc.You need to get the license and pay the STR tax.

I think RI will continue to appreciate and over time as you(tenants) pay down the mortgage creating more equity.

If worse comes to worse and I need to get a judgement against the tenant and co-signer(s) can I force them to pay?!?

There is usually extra charges on closing to pay for that service… but it is minimal.All the best!

Maybe you just hire someone and pay them to manage your projects? 

Went on to purchase additional rentals so tenants can pay down the loan and I build equity How did you find this deal and how did you negotiate it?

For now, my immediate goal is to pay off all of my credit card debt (should be accomplished by February 1.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else. 

Paint and pay me!

Could the seller provide you with a note for the down payment and you pay him back?