Of course, we also need to complete background checks on each tenant, including criminal, credit, and eviction checks, and a solid lease agreement too.

Get yourself a SFR.Charleston is going to be solid though, have a little portfolio here and it's growing.

Before you make any decision I'd recommend you read the 30-Day Stay book by Sarah Weaver and Zeona McIntyre to better understand the MTR niche.

As long as both parties understand that they are both jointly and severally liable for the full rent they can pay how they want but my system still charges each tenant the full ACH fee and if any of the rent is late the entire late fee applies.

That gets you closer to your goal of $48k net profit (after commission, but before expenses) if I understand correctly.

Or any solid PM software3) In general I recommend hiring an attorney to get it done RIGHT the first time. 4) You can use Calendly to schedule showing times, or TenantTurner can also coordinate showing times without you being there. 

I recognize the importance of having a thorough understanding of the scope of work and associated expenses to make informed investment decisions.Therefore, I am seeking recommendations for experienced contractors or professionals in the area who specialize in property rehabilitation.

These policies are often designed to protect the lender's interests and mitigate potential risks associated with non-owner-occupied properties.Exploring Alternatives with Chase: Since Chase is your mortgage servicer, it's essential to continue trying to communicate with them to understand their specific policies and requirements.

Lastly, connect with experienced investors and start small for a solid foundation in rental property investment.

Then once you build up a general knowledge base and understand your exact strategy and the inventory available in your market then you can ask more specific questions to help you along the way.