Yes, glad to give referrals to anyone looking in the Colorado Springs area, or in Huntsville, Birmingham, Montgomery, Atlanta, Kansas City, South Bend, or the Florida Panhandle where we have done a lot of cash flow turn key investing.

I also invest in the Poconos and own 2 vacation rentals, location is key.

That would explain why I never had a key.

If you are in the London/Strathroy Ontario area,Would highly recommend:The Landstras & Kevin Kingma of Platinum Key Reality (Real Estate Agents) Linkedin:https://www.linkedin.com/in/stacey-landstra-5745b910/https://www.linkedin.com/in/john-landstra-22445391/https://www.linkedin.com/in/kevin-kingma-b3590064/Lisa Mcphee (Mortgage Specialist RBCLinkedin: https://www.linkedin.com/in/lisa-mcphee-6a4624a2/)

NON-RECOURSE is the key word here for the mortgage and yes, you have to pay UBIT or UDFI on the rental income that is financed but it really isn't a big deal.

I adviced him to use a cash for keys method.. let's see which happens first

Whether you are into wholesaling, long term value add residential properties, house hacking, STR properties, flips, or turn key properties.

If so then passive rather than active investing will be key and that takes you back to the classes of passive opportunities using them to pay bills while you develop your next "thing".

By what are those key things that a first time landlord should know.

From everything I've read and heard, having the proper systems set up when first starting out is key.