After the collections I have a 640 credit score and it hasn't moved for a few months.I rented a property with a few friends for a year and after move out we were charged with over 6000 $ in B.S damages including 5k to repaint all the interior walls of the home due to a few minor marks.

Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!

For those following a STR rental arbitrage airbnb strategy (or homeaway or vrbo), in which you're airbnb-ing places that you've rented from someone else (with the owner's / landlord's permission, of course): do you report the income on Schedule C or Schedule E when filing your taxes?

I also like to "borrow" ideas and look at what amenities are most popular in that area so that I can include those amenities at my property.   

Have you already reviewed a title report ensuring the payoffs for any liens will be below your purchase price?

To comply, we asked the husband to complete the rental application and submit the required documents, including ID, SSN, and bank statements.

(including contractors, cleaners, etc)2. do 100 hours of material participation and that time is more then anyone else.

Then create the lease and include copy of the unit condition move in inspection (completed by you and signed).

Also, look here BiggerPockets for market reports and investor insights.

One consideration is to always check the Clue report with your insurance agent during the option period to see insurance costs and potential coverage and past claims.