Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Aside from that, there are DSCR loans out there that cater to first time homebuyers, some that even allow those that live rent free to purchase as well.

I have had it rented out for longer than six months and I am looking to file taxes for the first time with an investment property in my name.Does anyone have any advice on filing my taxes this year?

Does anyone know of a service where an STR co-host fields any call from the guest 24/7 and charges a flat monthly fee instead of 15% to 20% of my rent?  

I have had no issues with using their rent collection services. 

Yes, Kalamazoo. 2 bedroom is rented for the next year. $1300/month, tenant pays all utilities. 4 bedroom one is vacant.

You will be paying 6-10% for just having them collect rent. 

To mitigate these risks:*Have an Alternate Plan – Be ready, if the market slows, to rent out the property.

It's ultimately up to them, take that risk off of your plate and pass it along if possible.Offer a solution to the owner for a larger deposit amount, this can vary depending upon the situation and risk evaluation, but typically you would say at least double the deposit amount, plus first and last months rent before moving in.

How much is the rehab going to cost, what's the ARV going to be, and how much will the property rent for?