Complex Contracts: It’s crucial to have clear agreements in place to avoid misunderstandings.Watch out for vague contracts, high option fees that seem unjustified, and properties that aren’t well-maintained during the rental period.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

Currently live in and work out of, but will be moving out this year and renting both units as short term rentals.

The condos I am planning to invest all yields less than 1% when following the 2% rule.NOI ~14,000The rental calculator told me I won’t be having positive cash flow until 4 years after purchase.

First, sit down with a local lender in detail and work out what you qualify for, including the potential rental income.

This means that if you’re selling a rental property, both properties you purchase must also be intended for rental use (or for investment purposes).

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $250,000

This is my first home and it is also my first investment property.

What made you interested i...

After we will focus completely on shorter term rentals with our capital in mainly Barcelona and some in Valencia.  

In my area, rental rates have caught up to market home values.

Lastly, I am interested in focusing on condos rentals because I own a condo along with all the HOA details that are present in a condo community property.