Rentec Direct, because:  (1) A complete management solution for professional property managers,  (2) All of the tools for landlords to easily manage properties and tenants,  (3) Order instant credit, criminal, and evicton reports on your tenants, and (4) Inexpensive.

The property was in primo condition and was staged with nice new fashionable stuff by a professional stager.1.

Like people have mentioned above, it will pay off to have a professional in your team.

I am not a lawyer or tax professional, these are just things I've heard.

New BP member here looking to connect with other South Florida real estate investors and professionals. 

HOA fee - If HOA fees are not paid, business will incur fines, so it is necessary to make the profit in the business.8) Marketing expense and advertising9) Cleaning and maintenance10)Commission (Expenses like commission, abstract fees, recording fees to obtain your mortgage are not deductible but rather capitalized )11) Insurance12)Legal and other professional fees(Tax preparation for business, not personal part)13)Management fee if applicable14) Points- you generally cannot deduct the full amount the first year but have to deduct them over the term of the loan.15) Repairs (Note always do repairs rather than improvements to rental because repairs are deductible right away and do not have to depreciate over few years as done for improvements.

Just need a way to drain it.

I'd argue there ARE opportunities in college towns like Blacksburg, but the real opportunity is for rentals to the graduate/professional, which is underserved in our area.

Current condition: The Good - Shingles and kitchen are about 9 years old and in great shapeNeeds: Foundation needs bracing, mortor work, drain tile, (basement is not tall enough to be considered living space, any ideas?

You must become that professional.