This will hopefully ensure that the person has seen enough houses in their time that they'll recognize any major issues on the property right away.

If mom and dad pay the bills while their 19-year-old lives with them and goes to college, I still run a credit/criminal on the kid to ensure he's not a drug dealer, sex offender, or whatever.

It’s more efficient to spread your cash out, but to some people they don’t like carrying all of that debt where paying for cash would be more preferable.

@Moly Yang - Not at all, I think you just need to run some numbers to ensure the house is profitable.

Organization and accuracy ensure a trouble free transaction. 

Reserves are key to ensuring that you can weather the storm of unplanned expenses during the hold period of your property.

I recommend buying that package to ensure you have a solid lease that matches the techniques taught on BP.My favorite book is "Every Landlord's Legal Guide" by NOLO.

The industry is also changing fast with new resources and efficiencies coming each year so staying up to date is not going to happen in booksCheck out 300-3000 a podcast by the great guys at Evernest or Property management Mastermind by Brad Larson who is an industry leader.  

Things like energy efficient construction take time to get return.

Hey all, does anyone have great advice on how to manage Short-Term rentals efficiently?