Expect additional closing costs around 1-3%, roughly $3K-$9K off your total.

There's definitely a learning curve but as long as you're prepared for it all both mentally and financially, it can be extremely rewarding.Also starting up my first STR here in CA soon... just my ADU we're almost done with at our primary.

Try starting with the lender who gave you the original 2nd loan, that’s how i started and then started making calls.

Quote from @Mckenzie Mckean: Their divorce is not grounds for termination.Their inability to afford rent is grounds.End their lease and start fresh with other renters or sell it.

I went to talk to the tenant today and he was very angry at me, and started to make threats.

My property manager then sent another technician who said the gutters need to be cleaned and recommended installing leaf guards around the entire duplex, along with larger downspouts and overflow guards, for a total of $3,013.

Just thought for those of you starting out and thinking of buying one to live in for a year or two then turn into a rental or sell later, this is a wonderful option.

Hello Felicia, The good news is that rates have started to come down a bit so that can help your cashflow a little more.

And we have to start process again. 

I have had several friends suggest that it would be wiser to start off with rentals within driving distance of where I live.