Again, free, it advances the title company.Another freebie professional would be a CPA, another phone call, they are willing to meet groups with potential clients.Another, call an insurance broker who provides property, liability and professional liability insurance, they are motivated just as the CPA and attorney.Find an owner of a real estate school for agents!

If the stars align, we estimate that we could potentially earn $1,000 to $1,500 per year from the property.

(and potentially get a better deal with PM cost should we employ one).

Hi Michael,I agree with Bruce that rephrasing other people’s content can be risky, as it could potentially lead to plagiarism issues, and it doesn’t establish your business as an authority in the field.

Here’s why this can be a great option:You can lock in a lower interest rate on the HELOC since it's based on a primary residence rather than an investment property.You keep your existing home, allowing it to appreciate while your tenants cover the mortgage.You now have two properties working for you—one generating rental income and another as your new primary or next investment.For analyzing rental cash flow, some key numbers to look at include:Expected Rent – Research what similar properties in your area are renting for.Mortgage & HELOC Payment – If you use a HELOC, factor in the monthly cost.Operating Expenses – Taxes, insurance, maintenance, potential property management.Cash Flow – What’s left after expenses and mortgage payments.If you do decide to sell instead, you can also use that equity strategically—whether for a strong down payment on a multi-unit, house hack, or another single-family rental.On the networking side, attorneys and other key professionals can be tough to find in everyday settings, but real estate investor meetups, Facebook groups, and local REI events are gold mines for connecting with them.

It's interesting because of the low start up capital and potential for higher returns.

If something does happen you can at least show AirBNB that you stated that there may be issues and the guests were made aware of a potential problem.  

I’m potentially looking to purchase a mid-term or long-term rental property in a different state because I feel I may be able to find better deals elsewhere.

Is saving the fee a PM charges worth the potential thousands in cost and headaches?

@Quan Pham have you investigated at all the potential increases in property taxes and home insurance (need to have landlord policy) and included them in your cashflow calcluations?