I know in Texas we update our lease agreements about every 2 years as more issues come up. 

What we do need is funds in reserves for any capex expenses in at least the first year. 

The gist is that their clients (primarily doctors) purchase homes at the end of the year, turn them into short-term rentals, and switch them to mid-term rentals at the turn of the new year.

I’ve been really happy with a few companies for the last 15 years in Memphis and 4 in CC but am not happy now.

I will rent my current house which I bought almost five years ago.

In Florida and in my county, I'm looking at the follow for each LLC:- Business Tax Receipts filing every year- Home Occupation License (may or may not need this for an additional LLC)- DBPR License annually- FL State annual report- Tangible Tax filing (and this one is a B***CH)- And now the new BOIR

BP is a great place to get started.An A/B class property in Cincinnati will be cashflow negative for the first 4-7 years.

I buy the property with a DSCR loan at 7% for 30years for an annual payment of $300K. 20% down is $1M from investors.Increase rent (value add) over then next year to $1150/m creating a new NOI of $524K.

He put it the market and the real estate agent advised him to add a closet to what had actually been a bonus addition to the two bedroom one bath house. 12 years old at the time my father asked me to give it a try.

I have been wanting to become a real estate investor for the last four years (Since I was 14!).