.👉 Adjust your expectations—this business is about consistent effort, not overnight success.2️⃣ INACTION IS COSTING YOU DEALSEver stare at a lead and overanalyze every detail?

Rental income is subject to tax, but it is also possible to deduct many costs related to owning and maintaining rental property, including property management fees, repairs, and mortgage interest payments.Additionally, for those investors holding properties in Germany for the long-term, the country's capital gains tax law is attractive.

Refinancing has more nuances than it seems, and so do closing costs.

I also suspect inflation will drive continued migration to lower cost of living / lower tax states.  

Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out. 

That may increase your cost or limit the coverage you can get.The Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.As long as you are living there, the proper policy for a 1-4 family is a "Homeowners" policy.

It doesn’t cost you anything and gives the tenant time to rearrange their entire life around your decision. 

I personally do not prefer to hold high cost SFRs as LTR investments.  

I'm personally making my exit - I never did assemble a team (it costs money for one, then you need the manpower and time to manage it).

You can also gain valuable experience virtually and offer low or no cost "co-hosting" services.