I no longer entertain buyers agents from Carbutti and Company due to a past bad experience with one of their agents. The scenario was that a buyers agent wanted to be an impediment to closing a transaction between on ...

Make it a standard practice to show all of your tenants where the main water shutoff valve is and label it clearly so they know how to shut the water off right away if something like this happens.

To succeed in Cleveland's short-term rental market, research local regulations, analyze potential locations, find ideal properties, build a network, plan renovations, stay connected with BiggerPockets, focus on modern bathrooms, cozy outdoor spaces, and practical amenities.Good luck!

Owner-occupied transactions are mostly emotional decision based.Investors should check emotions at the door and only make business based decisions.What does that mean in practice?

Some states allow an eviction for repeated violations of a rental agreement.It is also not a good practice to wait to long to raise rent to market rates. 

And if so, this sounds like the most hypocritical practice, we require but don't provide rental verification. 

I have just bought my neighbors house and am renting out our old house next door. I’ve tried searching for people who have been neighbors to their tenant but haven’t seen anything yet.If you have experience in this I’...

Is that standard practice to have to do this, or am I missing a trick or a different loan type similar to a HELOC? 

I absolutely collected first, last and security for my class-C rentals until NYS prohibited that practice back in 2019.Many tenants cannot manage their money properly, so this mitigates the issue of not being paid last month's rent when they need to move and the new landlord is receiving those funds they have allocated for their housing during the last month of their stay.This was also helpful to me to pre-screen who has their financial house in order and had saved for their moving costs as part of their planning.If I still could, I most definitely would - without exception.

I should have clarified some of the things you pointed out though as that is common practice buying a STR anywhere to verify what permits you need and how to operate legally in the city.