A tenant moves out and leaves $4,000 in damages.

We had always wanted a stick built home and we decided to take a leap of faith and make this home a rental.

@Brody Veilleuxi'd go to the market in person and walk around.i'm being serious - no app can give you a feel for it in person.hope this helps

Go to the search engine and type in "biggerpockets [topic]" and you'll get results.

Right now, if I see a house I like, I'll take down the address and search it on my town's portal to obtain the owner name and address.

Start doing category 1 items right away, provide notice and do category 2 as soon as you can and finally prepare and get ready to initiate category 3 items based on your ability to handle them. 

Here’s the background:Background:Property Ownership: In October 2021, my grandmother purchased a property in cash for both my aunt and me, and she also paid for all the repairs and renovations, which were completed in the summer of 2022.

After half a lifetime of working and saving and investing in index funds while renting, im ready to make the jump into a new asset class.Looking to owner-occupy a multifamily in the city of philadelphia and hopefully pass a portfolio on to my kids someday.open to any and all advice!

Analyze the property's income potential and expenses and see how it shakes out while you live there and when you eventually move out.