Do your own research into the market, be prepared, but use an experienced broker that has worked with other investors to located similar properties.Best of luck.

But now he is staying so we decided to play the cat card, and told him that per his lease pets not allowed and if he would like to keep it we will need to amend his lease to include additional $100 pet rent plus collect additional security deposit.

Hi Babu,A simple rental property balance sheet will have the following accounts:Assets: Cash, tax and insurance escrow, fixed assets and depreciationLiabilities: Credit cards, security deposits, and loansEquity: Opening balance equity, owner's contributions/distributions, retained earnings and net incomeThere could be a number of reasons that your balance sheet does not balance.

Purchase price: $830,000 Cash invested: $225,000 The invested gain from the previous sale was utilized to upgrade, leveraging an ideal location for long-term appreciation, ultimately ensuring income during retirement.

If they damage the place, that is what the security deposit and if necessary, the court system are for.

Any specific locations in mind? 

Hey y'all,I'm currently located in S.

Location is key in most cases to help identify your next purchase.

Places like Breckenridge (and Summit County, where Breck is located) have caps on STR permits and are well beyond those caps.2.

Securing HELOCs on investment properties might have it's challenges.