Every property of interest must be evaluated based on current and future performance.Current ConsiderationsTime to rentRenovation Cost & RiskInitial ROI and cash flowPurchase PriceMaintenance costAcceptable area rental restrictionsIn an area that is doing well and likely to do better in the future.In the migration path of urban sprawl.Future ConsiderationsThe location has a track record of appreciation and rent increases.It physically matches the expected demographic changes for the foreseeable future.Buy what your “customer” wants to rent, not what you think is a good property.

Mint was the best for tracking expenses, and now Monarch is good.

You can create custom maps to mark areas of interest, track properties you're considering, and note key amenities like schools, shopping centers, and public transport.

Also with a good resume and track record, I'm guessing they will want to stick around long term.

If they are legal to live and/or work in the US they will have the proper paperwork and be issued the proper numbers to track them and run checks.

.: I'm not aware of any requirement for this.I do provide an application because it has a lot of information necessary for tracking the individual: social security number, driver license number, previous addresses, etc.When you take over an existing renter, I recommend you figure out how to get the entire file from the former manager/landlord.

You will not get them to show up to complete the work, you will not recover your funds and you will have to move heaven and earth to make this "right" 1-See if you can settle with the contractor2-File complaints with the BBB (assuming they are registered), file a complaint with the state attorney general3-SueI used to believe there was some sort of over arching justice in the world, but then I got into real estate and became friends with RE attorneys.

I requested that they send someone out to set the door on its track, and then get a quote for the cost to install an opener.

You’re on the right track with everything.Yes you depreciate ~50% or the part you place in service / rent.

you have to find an off market deal that is distressed but not too distressed, buy it and close on it, have a contractor that you trust lined up to rehab it, oversee the rehab to be sure it stays on track, get it rent ready and then rented out, and then / in parallel refinance.how will you execute those steps in any market?