Always keep record of where you told your insurance company that the property was being used for STR.

I think it would be financial suicide to give up a 500k a year job that you know how to do and is secure to launch into thinking your going to replace it with rental income.. unless your sitting on 5 mil plus in  cash with no debt.

@Zach Howard some copy & paste advice below:)-------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Keep detailed records of your hours and tasks—it’s crucial for proving active status if ever questioned.Don’t overthink starting with Airbnb/VRBO.

If you look at the most valuable programs, they focus one specific strategy which the coach has personal experience in with proven track record.#2 What about the best focused coaching program that covers Wholesaling.- Yes this is what you can enroll in once you've educated yourself using free BP resources.Hope that helps, I am in Dallas also reach out to me if you need help in getting started..

Greenock Financials 2018 2021 Revenue $‎60,030 $‎64,640 Gross Potential Rent $‎62,400 $‎67,200 Avg.

The house is only in my name at this point, which was intentional when we married, and when we moved out of it as a primary residence to hopefully avoid ex’s gotta financial pursuits.

I am financially independent and don't have a job, though.

That is why PreREO requires the defaulted note buyer/partner to file for a court hearing requesting a third party independent receiver to be given court approval to accept rent on behalf of the actual owner of record and divert the funds to you, the note buyer prior to taking title via a completed foreclosure.

You do not need to take on new debt for the $450,000 reinvestment unless you choose to do so for other financial reasons.If you have further questions or need clarification, feel free to ask!