Usually people do it at 3 properties or more but depends on your goals.

And a property manager is expensive and profit margins on rentals are fairly small.

He will be living there as he rehabs the property.

I innocently (this is my first property) gave her a notice to vacate and gave her 30 days until 11/5.

Property taxes and insurance are typically the two biggest recurring costs.

These loans are tailored for investment properties and can help clients maximize cash flow without the typical income verification hurdles.

It's an active business, not passive so I believe that requires continually evaluating the property, adjustments to decor, etc may be needed as well to make sure I'm fully optimizing the property.I have a lot of home renovation experience from my own personal home and my LTR's already so I'm very used to this kind of work.

I'll then list my properties on the high end of whatever I think fair market rent is.

But before I give you my play-by-play, let me first overview what this concept includes for anyone new to property management or owning rental properties. 

So basically I'm at risk of the tenant damaging my property and not having a way of going after her because she is not signed to the lease.