Every month you likely pay a mortgage payment that includes:Principle paydown - Liability Account (Balance Sheet)Interest - Expense Account (P&L)Taxes & Insurance Escrow  - Asset Account (Balance Sheet)Once a year, your Mortgage company will pay your Taxes owed and Insurance Premium - both Expense Accounts (P&L) 

In the past, I've done some out of state purchases [Memphis/Little Rock] through turnkey companies.

I bought this property from a company that buys distressed properties, rehabs them to prepare them for rent, and then sells them to a buyer.

Hey Daniel,I have dealt with this at previous companies I have been at.We did require a passport of some sort.I will say, we never had any issues with any of the tenants that rented with no SSN.

For example, the unemployment rate, relatively low, is 6.5% versus MA's 3.5%It's been a long time since I was more familiar with Springfield, so I'm not sure about the impact of the casino.In general, similar to other working class cities like Fitchburg, in Springfield I'd imagine you'd fine the following conditions:- Attractive Cap rates- Medium vacancy- You're paying a realtor or property management company to find tenants (in higher end cities the tenants pay the realtor fee)- Section 8 tenants -- could be a negative or positive, depending on your view.

Every tenant should have their own policy.

The prior Farmers insurance was relatively cheap so near the beginning of escrow I asked the management company if they could switch over the policies (or get a new policy) from Farmers using their contacts.  

Investment Info:

Single-family residence buy & hold investment in Phoenix.

Purchase price: $585,000

Cash invested: $73,000

Our first Airbnb Property, bought for $585,000 and has not appreciated m...

Howdy BP Houstonians,I'm looking for recommendations for investor friendly title companies in Houston. 

Do you pay SET on your LTR if you have a property management company?