Get any licenses and file your taxes appropriately. 2. eLocks - This is the single most important investment for an AirBnb.

Developing good relationships with all types of contractors is extremely important to me for this type of strategy.  

This would be important to know because appreciation would come into play if you plan on selling after a few years.

Included in the offer was 6% Seller Concessions, this is an important step to go over because if you don't have a lot of money for closing, this can help you greatly.

However, you will be required to file a non-resident state tax return in the states that you own the properties.Proximity of your accountant isin't as important as getting the right accountant who understands real estate taxation.

more importantly did the Seller present this as a turnkey property?

I generally like to see rents of $900 to $1,000 and above, but that can be market dependent.Visit the area and the provider you are considering - there is nothing like a face to face, seeing the neighborhoods, the quality of the rehabs, and the operations of the provider.Fully vet the property management - nothing is more important than the PM in the long term success of your rentals.There's more, but those are some keys to look out for.All best in your REI!

Be sure to take plenty of good pictures on your phone and add the important facts in your rental ad (like who's going to be paying what, if pets are allowed, the duration of the lease, etc.).

I use contractors and I usually get all of my initial purchase money and a subset of the rehab costs.The most important thing is to learn a lot on this first property as you want the next property to be an even greater success.Good luck

Be sure to lock in to good local eyes wherever you end up investing as they will be your key to your success and equally as important as the day you make your first purchase.