My point is cash has no exclusivity on being legally clean and far from it.

Hi Linda,Lots of great advice from @Carla Gordon @Brian Schroeder @Jay Thomas Specifically I think it's always smart to check out FF Traveler sear https://www.furnishedfinder.com/housing/New-York/New-York) and Airbnb/VRBO for 30+ days stays to gauge what sort of similar properties are currently out there!

@Jennifer StammbergerWhat type of businesses do you want to cold call, and what is your angle specifically?

What specific questions do you have?

Do not rely on it for legal advice.

In our case, we are focused on Northern Virginia (specifically Alexandria, VA).

Owner ended up settling with the tenant, but then we had to threaten to sue our own client to get them to pay our legal fees.- Owner must sign a Hold Harmless to indemnify us against any potential tenant lawsuits relating to the work their contractor is doing.--- Another lawsuit resulted from owner's contractor taking down basement handrail to get supplies down the steps, then they didn't put it back and tenant fell down the stairs.- We also negotiate a reasonable completion date, depending on the Scope Of Work (SOW). --- Who gets all the phone calls and wastes time calming a tenant down because the owner's contractor doesn't show up as scheduled after they took time off from work or a 3 day job takes 3 weeks?

Yes, I have general expenses that are not attributable to a single property, like legal and accounting and home offices like you mentioned.

I am on the board of CFRI, the local chapter for the National REIA and we have about 20 meetings a month, many geared towards specific niches. 

Tell us what you really think of the opportunity and ask more specific questions.