We were initially looking out of state for a potential move and or investment property just because the property taxes without being able to homestead, plus high cost of insurance, and harsh weather on homes made me feel like it might not be worth it.

You payment is $2,600 plus tax and insurance.

In our market it is important to make sure they are a licensed broker, carry adequate GL and worker's comp (and name you as additional insured).  

If you’re looking to continue to invest in your backyard, it helps to network with as many locals in the industry as you can.

Taxes have to be paid, so does insurance, what about maintenance? 

If the permanent financing will allow you to recover most of your initial investment and the fair market rent covers the principal, interest taxes, and insurance with cash left over, you have a BRRRR.

For structuring your business, consider whether you actually need an LLC or if umbrella insurance might be a simpler alternative.

The tech industry and manufacturing growth in Reno also provides for a different client for short term rentals, something to look into.

On property number one, I would cash flow $750 a month after mortgage, taxes, and insurance if I also rent out the unit I live in.

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