You get a phone call from an out of state attorney who informs you that a long lost relative has passed away.

DSCR loans are long term loans that you would generally get into after a fix and flip if you decide to keep it as a rental.I would be happy to hop on a call to go over this more in detail :) Congrats on getting started on your REI journey!  

If you're planning to hold this rental for long time replacement is your best course of action.

I am open to properties that may require minimal renovations if the deal aligns with my investment criteria.My long-term plan is to scale my portfolio deliberately, ideally acquiring multiple properties within the next 1-2 years.

It's a long game.

This is a learning experience and talking to lawyers, inspectors and insurance companies is always helpful in the long term.  

If you just have 1 - 5 units than it isn't that hard to manage as long as you have some handymen to help.

However, the other benefits of owning real estate are: - Taxes (depreciation/potential accelerated depreciation)- Appreciation (this is NOT always guaranteed, but over time, you will have appreciation)- Building equity (in this scenario, as long as rent is paid, you'll build about $140 monthly in equity)Please note some expenses that are missing from this are: - Management fees (8-10% on average, if applicable)- Estimated vacancy costs (2-3%)- Estimated repairs (5%)Disclaimer: I am a real estate investor and own four rental properties. 

Really good deals don't sit on the market very long Victor.

we pass on at cost, keeps it easy to respond to guests when they say our cleaning is high. have even proved it to guests before- some people just like to see it and most i have done that with have become long time rebookers.Make money on your house and pass along fees at cost to me thats the best way to go and has been fruitful for us