By understanding the costs you may encounter upfront, you can take control of the process.Here are just a few things experts say you should be thinking about as you plan ahead.1.

If you're ever looking to chat more about investing strategies, or need any advice as you start your journey, feel free to reach out.My plan is to kick off my investing journey this year with my first live-in flip.

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.

Would love to learn more about this flipping plan you have and get you connected with anyone you may not already have on your team.

Your goal is to get a tenant who can navigate an online portal for maintenance request and paying rent online.   

Not a lot to add here, just the simple advice to make it as easy as possible to pay rent. 

Whether it's through sustainable practices, adaptive reuse, or innovative space planning, the possibilities are endless. 

Turns out, the right marketing found renters who appreciated the quality and were willing to pay a premium.

@Nadir M. you would show 100% of whatever you collected on behalf of an owner.Of course, if tenant pays via credit card, you would NOT include the credit card fees, because you did not receive them.From the funds in your OPERATING account, you would pay any expenses on behalf of the owner, including your management fees - which you woul transfer to your PMC account.Owner will be paid from Operating account.Your vendors (office expenses, auto, etc) would be paid from your PMC account.Year end, you are require by IRS to send a 1099 with GROSS amount collected on behalf of owner.

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.