Is it possible to do rehab remotely by working with contractor directly without property manager?

I read the BP’s ultimate beginner guide and am just starting to read Brandon Turners “the book on rental property investing”.

Hi all,I am here looking for help to figure out the best strategy to own a STR property.

Hard to argue selling the home and not having to worry about the gain.You can use 1/2 the funds towards your down payment of a personal residence and then still have enough funds to maybe buy 2-3 investment properties.

@Vincent DeLucia check out our website where we have the entire Metro Detroit area listed by Property Class and the 183 Detroit Neighborhoods.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Funds from HELOC on another investment property Lessons learned?

Hi allI recently signed up for Stessa Pro and having difficulty getting the properties and accounts set up right. 

It would be extremely unwise to buy in st louis without personally visiting the property. 

Also the owner of property might have sold subject to your loan.. are you receiving monthly payments. ?

Much will depend on the price of the property, for sub $100k I’d expect to pay something extra.