A book I’m reading mentions “taxes” should be included in operating expenses but they don’t specify what type of taxes.All it says is “call your local county or look online at the county assessor’s page”No clue what that means, could someone clarify what taxes they’re referring to?

Some people say buy the location and it doesn't matter the cash flow because appreciation.

@Abdul QadirTo do well in Dayton, Ohio's real estate, study the market, know the local rules, and plan for extra costs at closing.

I appreciate this may depend on where the condo is located.

Since I'm out-of-state I have a local property manager who handles all bookings and keeps me informed on maintenance needs.

I will probably only be budgeting to use up to $600k to be safe, which I know will be tight depending on what location is selected.

I see that your location is Hawaii, I'm guessing the short term rental market is awesome there, so perhaps you could be an in person, boots on the ground for investors on that front.

Be aware of local regulations and potential restrictions on short-term rentals in the Tahoe area.Property Management: Decide if you will manage the property yourself or hire a property management company.

On the flip side, the local property managers will be closer, have local handymen etchPlease also chime in with recommendations for other online property management companies.

Look at your small local banks.