There is usually a close overlap that gives you a competitive advantage of knowledge or boots on the ground instead of nothing.

Thanks Jonathan, I've been in about 10 properties in the last week, so I'm definitely on the ground.

There are certainly many hidden opportunities here, and having boots on the ground along with a great property manager is essential.For your first property, I recommend looking for something that will provide consistent cash flow and require low maintenance for at least the next 5-10 years.

There are penalties for filing frivolous lawsuits in bad faith (those filed with malicious intent and not grounded on law).

I'd just make sure you have a VERY CLEAR SCOPE OF WORK no matter who you work with.If you decide to use someone besides your property manager, you need to have BOOTS ON THE GROUND that can view the property a couple of times a week at least! 

Regards,Jackson.Wow, I am soooo grateful for all this information I will go through this list step by step and research all the information you have given me.

I have boots on the ground (my business partner & agent) who informed me of the rough state the neighborhood is in.

They rather burn the house to the ground than sell it.And none of it is relevant.

Though I never put my ear to the ground as regards STR's, I plan to , and if I come up with any useful ideas for you, I'll pass them along.

My family and I have been renters our entire lives, so I'm excited and grateful to be the first in my family to embark on the path of home ownership.