I have a cousin who lives in Lincoln Park...and I am becoming more and more interested in creative financing options such as the service you provide for my first investment (initially thought I'd definitely go conventional with strong credit score and ample savings).Please connect and stay in touch!

LTB stands with the tenant because the lawn/snow clause is void, and the discounted rent stays because you can't just jack up their rent because you found out your void clause is void.

It sounds crazy but when I'm up there calling numbers and my pit man is in your face and your ear and the other guy is going for it you need to remember what you came to pay and stay with that.Don't try to game it.

In my opinion that is the only way to go, VRBO is great but it's pretty hands on and you will get way more seasonal people wanting to stay in Park City than you will in Salt Lake.  

Stay engaged!

Read books on investing in real estate, listen to the podcasts, attend webinars and stay active on the forums while connecting with other investors in your area and pick a niche.

The home I put an offer on was in Lodi NJ which was a bit of a compromise for me in terms of the town I would like to be in, I would ideally like to stay away from more urban areas such as Paterson, Newark, elizabeth, etc.  

Welcome Gina Jackson staying involved in the BP forums should help keep you motivated.

Does both parties have to stay in?

If not you could possibly offer to be a sponsor for it and have your contact info there etc.Check the tax record for each property and cross check that name with the state real estate commission to see if they are licensed.Some subdivisions do not turn over much so you have to watch for that as people want to stay a long time.