Most are also licensed real estate brokerages so they have all the proper licensing, liability coverage, E&O insurance as well as remedy through the State’s oversight board.

Did not convey the opportunity properly.

phone calls or accepting 2 dozen applications from hosting open houses and keeping them all in the loop/providing proper denial letters.

Hi All, I'm back with another question!  So this weekend we had two showings with families that really liked the place and submitted full applications.  I'm using cozy.co so it is all online.  The first family submitt...

Most (actually all of them I am familiar with) will allow the buyer to leave in escrow a certain amount to ensure the repairs are made.

I plan to thoroughly vet each association, but there's only so much that you can do to ensure they stay on track.- Use restrictions and potential profits during the busy season may prohibit us from getting the best use out of the place.- Appreciation will likely be better on the beach.

I'm looking at this strictly as a business and am looking to make as much profit as possible, obviously.Any insight on great upcoming areas, or any advice on when or how to do this PROPERLY, would be so appreciative.Thank you!

Yes it's a condo and I would need to ensure that the tenant abides by the rules and can only rent 2x a year so I'm really only considering 6 month stay and possibly 3 month stay in the summer (although not imperative). 

The realtor tried to convince me that it would be a great investment, but despite REALLY wanting this property, I had to walk away.Had I ignored these expenses and not properly underwritten for management, capex and maintenance, I would have potentially been in a bad place down the road when a major item came along, like the HVAC, roof, etc.Moral of the story is to know your numbers and stick to them…no matter what. 

Ensure it is prepared correctly.