Make sure you check your bylaws to confirm there are no issues renting out your condo as many HOAs have put limitations and other requiremets in place.You'll also need to update your insurance coverage to a landlord policy and make sure you understand any vacancy triggers - many policies will auto-terminate if home vacant more than 30 days.Start researching rental applications and leases ASAP, so you're ready with those when you start advertising.

I usually search through listings to get an idea on cap rates to narrow down states or cities.

You'll find some really great tenants, less turnover, and a higher rental rate than an LTR using this strategy.

Hi All,Our tenant's lease requires a 60 days notice, she only gave 30 days notice, and we immediately started advertising the property and were able to secure a tenant fairly quickly where her lease ends on June 30, 2024, and she has already moved out as of June 22, 2024 after paying the rent for the month of June, and the new tenant will move in on July 1st, 2024. 

If you do not understand how NOI and cap rate determine value, learn it even if in theory it only applies to commercial RE.If you flip, you realize the gain in the short term.  

Given the fact that I’m single and have zero dependents I figured it may make sense to move to the new house for at least a year to get a primary residence mortgage with a lower rate and rent out my existing house as a furnished mid-term rental.My question is around taxes: my current home needs significant repairs and updates (about $20-30k’s worth 😬) before it’s ready to be rented (the pool enclosure went partially down during a storm among other things).

The SBA assistance is in the form of a low interest rate loan.

One that helps lease creations, screening (background checks, etc), and possibly even the advertising on different platforms like compass. 

If the interest rate on their loan is low enough then the payment might be somewhat less than what you'd pay on a new loan today.

Landlord insurance protects you from unforeseen liabilities which relate to your operation of the property as a rental (i.e. advertising injury, someone slips and falls at a showing, an invitee of your tenant gets hurt on the property, etc.).