It's worth consulting a local attorney or using a reliable legal service to ensure it complies with state and local laws.

Key things to agree to The interest rateamortizing or interest only loanLength of loanLength of amortization (does not have to be the same as length of loan if there is a balloon payment)When are payments due; monthly, quarterly, annually at the end of the loan etc.Are there any upfront points to be paid and other misc terms like late fees.Then have an attoney create a Note and a Mortgage (or deed of trust depensing on the state)

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

The tenant owes 3 months of rent, unpaid utilities, and trashed my 2022 built condo and left several days before the sheriff had to break into the condo as no keys or forwarding address was left by the tenant. 

That is a bad thing and hurt the wallet and some people have lost homes due to this poor service.

I'm closing on a multi-family property in Albany the end of this month.

Get into the routine of entering them as soon as bills come in or putting the bills in one location, entering them once a month and writing on them that they were entered/paid, then filing them. 

I'm not looking to JV, and I know services like Investorlift are great, but that's not in the budget at the moment.

I also know Breezeway has a program for $49/per month per property that do 24/7 guest assist 

@Heather SzucsI host a monthly meetup, as many have suggested networking is a great way to get started.Zeppelin stationThursday Aug 29th6-8pmJoin me at Real Estate Meetup | Short Term Rentals | House Hacking | Investment Properties https://meetu.ps/e/NnWvj/Q4Gbf/i