It’s wise to have a financial buffer in place to handle increased mortgage payments when your rate renews.Risk Assessment:Assess the potential risks, such as market fluctuations, vacancies, and maintenance costs.

They're only required to repay you for health, safety, preservation of the property....fixing broken windows, roof leaks, locks, etc.#3. 

A single maintenance issue could easily turn a positive cash flow into a negative one.

However, by emphasizing their security deposit and concerns about repairs every tenant we've approached using this system has signed our lease.Someone from maintenance stops by to introduce themselves, give a business card and ask if there are any repairs that need to be addressed in their unit.

@James Lauer If the STR strategy is the only strategy that makes the property pencil, be sure to purchase in a market where (1) the use is allowed, (2) the use requirements are protected by in place permitting and licensing and (3) the permissions are transferable through a sale.

Website creation, traffic and maintenance is a very large game and no one technique such as page speed will fix all. 

Hey BP, I'm looking to expand but am being overwhelmed by the amount of work required to keep it all organized. 

I understand that real estate investing often requires active management and effort, especially in the beginning. 

We learned early on that:-3 of the 6 buildings are in a flood zone-the current owner has a loan, this lender doesn't require flood insurance-1 building took on a little water at one point during the 12 years the seller has owned the complex. 

I have heard that Flagstaff has specific regulations for STRs, including licensing and permit requirements.