It's much easier to set things up right than to have to transition them later when you have multiple properties and many, many transactions.

To avoid that, set a firm, realistic budget from the beginning and make sure you stick to it.

Freddie accepts this.Couple of options from here: If you did not set up notes receivable, recognize that you may owe it to your seller and take the hit on a higher rate refi to help him.

I’m not completely set on only doing out of state.

Quote from @Neeta Agrawal: For context, we gave the tenant a 60-day notice for non upkeep and no repair communication in 2023 and then extended it for 30 days upon his realtor's request, setting the move-out for May 31, 2023.

Also on my rents I have all my amounts set different so that I know which unit it is. 1 may be 600.00 and the other 1 will be 601.00.

Do they set up and pay for water, trash, garbage or does the landlord take those on?

I would only add these two: FIRST - people constantly ask which algorithm to use to get their prices set.

One of them dinged our credit and sent a late notice before I even had time to set up ACH payments with them.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.