Quote from @Cody Lewis: My wife and I recently purchased our first STR.

I would make sure a bundle of rights for ownership are available individually, per unit of course, then worry about warranty and purchase options.

Quote from @Jacob Campbell: Hello - After listening to the podcast, I've made a commitment to purchase a rental property by the end of Q2 this year (ideally by the end of Q1).

The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)Here's what's made them so unhappy:Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!!

I partnered with him and purchased my first property here in Columbus, OH.

Therefore you have to rely on contract, if its a new build, make sure its in the Purchase Agreement.Why?

The latest red flag is his belief he purchased a "fully renovated" property in Philadelphia for $115K.

My former journalist self enjoys digging into Colorado laws and counseling my clients on where they can do short-term rentals and under what circumstances.

I currrntly own a home and am renting it out, I am working on purchasing a duplex.

This, in turn, allows for higher rental rates or quicker sales, directly impacting the ROI.I could remember when an investor purchased an old, three-story commercial building at  a bustling downtown area.