Connecting with a BP member who have taken on renovations in the markets we are targeting could lead to contractor referrals, sharing stories of successes or heartaches, etc.It is my personal opinion that if you reach out to someone with common interest, the conversations will be more organic and you'll build a mutually beneficial connection!

We are looking to convert a property to a buy and hold.

Should I focus on just securing funds for the down payment and closing costs or should I be concerned about creating some sort of reserves for said rental property (to account for any vacancies and expenses)I assume I need to make sure that in the event I cannot rent out the property we are able to cover the expenses relating to this house in additional to our own personal mortgages but I’m not too worried about this (please let me know if I should be worried)Outside of my mortgage and some credit card debt which will be paid off by the end of this month I do not have any other debt.Are there other factors that I should be considering?

We are actually going to be driving through next week heading to Seattle so we are going to check things out while there and maybe meet a few people to discuss this with while in Vegas

I also plan to add clauses that we are only responsible for fixes that effect the home and not tenant caused damages.

We are desperate to lower our monthly living expenses and are currently saving in hopes of being able to house hack on a MFR when our lease is up in December through an 3.5%FHA loan.

That being said, we are starting to see some increased CDOM/DOM for the higher-end development deals here in the affluent areas of town, because the numbers don't work.  

We are looking to switch ins cos and wanting to know who other investors use in the area.

It sounds like we are back in that world.

For our specific situation, we are currently kicking around two possible options.1- bring on an experienced general contractor to manage a second property in tandem to my husbands property.