Additionally, I aim to refine my approach to financial analysis by adopting a structured formula for calculating investment metrics tailored to my investors' needs.

In addition, rental property owners who live outside Maryland must designate a Legal Agent who lives in Maryland to accept legal documents.Now, this does not have to be a property manager, it can be a neighbor, friend, relative, etc.  

While the new property may bring in additional monthly income, the increase in your monthly net may not justify the amount of new debt that you would be taking on.

But in many cases they will just ending up routing you back through a broker which brings you back to the above scenario, so you've really gotta pick and choose well.Keep in mind that if you do find one, there will be things you need to do on your end such as specific signage, obtaining certificate of insurance from any vendors you work with (cleaners, handyman, pool guy), etc.Safely I believe also includes liability as an option in addition to their usual damage protection at an extra cost, though in that case you're paying on a per booking basis rather than a yearly fee, and it's likely going to be quite a bit more expensive. 

Thanks, and I look forward to hopefully getting more involved on here if we're fortunate enough to have things start to snowball over the years into additional properties!

You should be able to roll in all your closing costs and loan amount so you have no out-of-pocket cost for the refi if you have additional equity you can also take that out up to 75% LTV. good luck! 

Have you done any additional research into the requirements?

I believe the future is to hold them and sell them later on contract to allow yourself to have the additional cash flow without the huge gains

Additionally, I have many years' experience in construction and home inspection, and I personally inspect every property with my agent before buying.

They put it on the market at current rates and they'll make a great return.If you want to keep the home for yourself, pay them a fair price for it with a small discount since REALTORS aren't needed (maybe 10%).