Short-term rentals are booming right now and offer a great way to generate income quickly.The key is to take that first step, do your research, and believe in your ability to make it work.

For one, if you have any properties with conventional loans on them, this makes things much more complicated and severely limits your ability to limit your liabilities.

So now is a good time to buy if you leverage your ability to put a good amount down and close...that is attractive to sellers that are eager to get out of their property. 

To be fair, they did say that I would always see a bill from the electric company, but it was not explained.)5.

If you have the desire and ability I wouldn't wait around for another year when you get here. 

You have to build a foundation of trust through your past clients, your social media presence, and your honesty and ability to educate.The problem with the agents who are here with you guys on BP is that there is nothing to say they are really investor-friendly agents.

Or even interesting to think about the ability to charge late fees. 

I have private money family friend who wants to fund multiple investments and since I come from the construction industry they are confident in my ability to rehab properties.

One approach is to emphasize your reliability and track record, showing that a lower EMD doesn’t impact your ability to close deals successfully.

Even if that is not your intention, the IRS could decide that is what it was which would mean that the seller would have lost his 1031 ability since he "sold" you the house when he accepted the first payment.