What tips do you have for someone just getting started?

5 tips i should keep in my mind when buying  rental property? 

Best tips are take it slow and make sure you have significant reserves when you leave your w2 also don't buy a company car if you already have a car just to say it's for work.

But anyways, I have a stretch where I’ll be gone for several months - mid July through mid October, possibly stretching to the end of the year, and I’m wondering if anyone has any ideas beyond just a normal rental - traveling nurse, etc. that might be good in Nashville. 

Any tips or advice?

I am in the middle of purchasing my first rental property in Arkansas and was wondering if changing the wording of "pet addendum" to "animal addendum" would allow for the "animal deposit" and monthly "animal rent" to be collected?  

It wasn’t a good deal and since the project production keeps moving to the right and there seems to be an unlimited number of properties available, one has to wonder what’s going on. 

I didn't mean to imply that someone would consider hiring FT help at 10 units, but I guess I was wondering what the hypothetical point would be in which an owner might even consider it.

Thanks they didnt say anything about STR it would be awfulI was wondering how they make money now i knowI dont think the $10K would even cover damage!

We sold a wonderful two unit STR in Depoe Bay in 2024, which generally is a no-go zone but has neighborhoods with specific commercial zoning that allows for vacation rental usages as well as a brand new development of luxury homes that allows STR usages similar to Olivia Beach in nearby Lincoln City.