Take into account the duration of leases, the procedures for screening prospective renters, and the home regulations in order to guarantee a peaceful living space.It's critical to have a well-defined departure strategy.

I have already seen the new forms/addendums that will be used here in Arizona, the common one for this will be the Seller Compensation Addendum.The one thing that might happen in your discount buyer agent scenario is you might get a buyers agent who agrees to a lower commission and then the listing agent is offering a co-broke that is higher than he agreed to, well now that buyers agent will only be able to get paid the lower amount he agreed to and the listing agent will keep the remainder, so listing agents could end up getting paid more.As far as your question on what to pay an agent, I view it similarly to hiring an attorney, there are discount attorney's and they might be okay for some people in some circumstances, or if you know the proper procedures and deadlines then maybe you do it on your own without an attorney.

However, installation costs and procedures may vary, so it's worth getting quotes from both if you're not doing the work yourself.As a hard money lender specializing in fix and flip deals, I've seen successful investors use a mix of these sources to optimize their budgets while maintaining quality.

The rules and procedures of your operating agreement and your ability to follow the agreement is far more important than the actual state specific filing docs.

Tenants can't text/call me unless it's an emergency.3.

The second mistake is that you must beef up that emergency fund for your investments.

Here are some key recommendations to consider:1.Focus on Emerging Neighborhoods:Look for emerging neighborhoods in Orange County where property prices are still reasonable but expected to appreciate.2.Niche Markets:Consider niche markets like student housing or senior living, which can offer stable rental income.3.BRRRR Strategy:Use the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) to increase your property’s value and refinance to reinvest.4.Partnerships:Form partnerships with other investors to pool resources and share risks.

When deciding between managing your own property or hiring a professional service, consider these key factors: your available time and expertise, knowledge of local regulations, property scale and location, access to reliable maintenance resources, tenant management capabilities, financial implications, emergency responsiveness, and personal preference for hands-on versus delegated management.

While researching and evaluating homes, I had an idea for managing the down payment and emergencies for the first property.When I find a property with good cash flow, I could use a private money lender (PML) to cover the down payment and closing costs.

To cover for any emergencies I think 15-10% would be best.Thank you