The repairs & the remaining 80% of the purchase price will be covered by a loan (which, in turn will be covered by the rental income).  

I haven't allowed for much of a ramp up period and as a result, haven't budgeted the funds to cover the expenses in the beginning.

So...Electronic statementsQuarterly inspection reports (with pictures)Quick and reliable responses to my inquires. 

They are sometimes used heavily and generate monthly profit while others are barely used and don't even cover the utility expenses, let alone the cost of the machines.

Have the correct insurance to cover STR activity in your home (Proper and CBIZ are the two major players in that area) AND have an umbrella policy in place.  

Given there are around100 people in attendance, you are not overly pressured into spending money.They will honestly cover the topic of the day, in this case house flipping, andwill give real world examples.Pros: ·        I was introduced to basic concepts I had notconsidered, such as investing with an IRA.

If your insurance company won't cover them then I wouldn't even consider it.

They will be able to go over the minutiae of problems and come up with solutions.A mastermind group sounds like more of a motivation and bigger picture solution.

Hi Shlomi, This looks like it has the potential to be a decent deal only if you can get the gas and water covered by the tenants.

It also gave me access to a curriculum which basically covered the SEO side of things which I went all the way through (it's pretty big,) and I learned a lot from that.