I am originally from Florida but my fiancee and I will be moving to Albuquerque because she got into medical school.

I am originally from Florida but my fiancee and I will be moving to Albuquerque because she got into medical school.

It was a SF house in a commercial zone that had been used  for years as a medical office.   

I try to bank 6 months   of expenses to cover emergencies.  

It could be that rivals emerge, and frankly that would provide some security for self-manage STR owners.

Should provide tenant payment information, full leasing and financial reporting, etc.Perhaps you suggest a standing monthly or quarterly check-in, as well as quarterly or semi-annual property inspections.Solution to #2 – there should be a clause in the management contract that provides a threshold where any work above a certain amount requires owner approval (emergencies are handled separately).

Will be awkward but this creates scarcity and competitionThe Application ProcessThe Rental Application Name(s) Date of birth SSN Phone number + alternate number Previous address (past 5 years) Current employer (name, hire date, income, contract info) Past employer (‘’) Emergency contact info Release of information statement Signature Application fee ALWAYS take an application fee to take the application (your time and trouble) ask local management company’s what their fee is, this should be around $35 per adultScreening Tenants Hold the rental history and income in high regard when in low-income areasLook closely at: Prior felonies Prior evictions filed Evictions carried out Bankruptcies Judgments Other criminal issues or bad financial historyVerifying Income and Rental History Remember that people often lie on their application so make sure they sign a “release of information” signature to allow you to properly check their claims Begin with their job.

(Greater than $7,000)Even in the second scenario I need to grant access to both renters for emergency situations such as needing to reset the electrical box or needing to reset their oil burner.

I have started my Roth IRA, I have an emergency fund where I take money from each paycheck, and I also know how to begin my credit cards to build my score (obviously immediately paying off the money and never letting it even get to the next cycle, and how length matters, how my credit utilization matters, etc.).

I locked down my budget, saved an emergency fund, and focused on the numbers in my market.