@Rosa LeporeI wouldn't feel like you have to do one or the other.Jumping straight into 4 or 5 properties with no prior experience could be setting yourself up for some painful expensive lessons.Another option you have is to pay cash for your first, get your systems and team in place, put a HELOC on your 1st, then use that line of credit to grow your portfolio.Good luck!!

Typically it’s 6 months prior to their expiration date.

Do they place a tenant PRIOR to closing?

I have a property management company that I pay 10% so $100k.As the property management company manages the property like the leases, finding tenants, repairs, maintenance etc do they collect the $1m paid to their bank account and I trust that they only take a $100k cut and pay me $900k or can I instruct them to set up the online service where all the rents are paid to me so I pocket the $1m then pay them $100k?

I have a property management company that I pay 10% so $100k.As the property management company manages the property like the leases, finding tenants, repairs, maintenance etc do they collect the $1m paid to their bank account and I trust that they only take a $100k cut and pay me $900k or can I instruct them to set up the online service where all the rents are paid to me so I pocket the $1m then pay them $100k?

There could have been a huge TI contribution prior to yo purchasing the property that bought the rent up 15 year ago...

@Charles CarilloYes, I will definitely check with the inspectors prior to anything, probably in my due diligence and contingencies.

The probate judge’s office will contact the purchaser with instructions on how they can get their refund.

So if any one has step by step instructions as to what I can do to make this as smooth as possible that would be of great help Luna young 

The ordinance will require applicants for a city registration to certify in writing that operation of a short-term vacation rental would not violate any CC&Rs, bylaws, or other agreements governing the use of their property prior to obtaining a registration.