It’s smart to research the area's saturation on STR platforms to assess competition, pricing, and occupancy rates.

Most of the leads you generate via cold calls, social media, and other marketing efforts won't transact or even meet with you for some time.Baseball players take dozens of swings in batting practice to prep for just 2-3 good pitches they'll see come gametime.

If you are planning to leave within the next year, i would do a heloc as investment property and there are a dozen places that will do this up to 80% of the value of your home.When qualifying for your next home, your lender can let you rent out your current home and use 75% of the lease as income to help you purchase your next property! 

In your assessment, is the carpet in good condition? 

@Adam Kraft We work with Steadily and dozens of other great options

A condo HOA can decide they want to replace all the roofs, but if the bank account is low, hit you with a $5,000 special assessment.

There are dozens of metro area which all have different dynamics at play.

We negotiated a favorable deal by assessing the needed renovations and offering $60,000 to secure it quickly.

I would be on the lookout for the current condition of the units and building while you're walking through to assess how well it's maintained.

To do this, divide the cost based on the ratio of the fair market value (FMV) of each asset to the total FMV of the entire property at the time of purchase.If you are uncertain about the FMVs of the land and the buildings, you can alternatively allocate the cost based on their assessed values for property tax purposes.Source: IRS Publication 527 (Residential Rental Property)