Building relationships and learning from others can help avoid costly mistakes and ensure the property will cash flow or break even in worst-case scenarios.Good luck!

In contrast, hard money lending usually comes from specialized lending firms or investors and focuses on the property's value rather than the borrower's creditworthiness, often featuring higher interest rates and shorter loan terms.

However, I'm starting to worry about managing these properties once I relocate.While cash flow is likely to break even or be slightly positive, paying 8-10% for a property manager would significantly eat into my margins.

The owner is a good friend of ours and agreed to do a deal with us if we helped him rehab the property.

Are you trying to buy the property from the owner and pay off the property taxes, or is it going to tax foreclosure?

Make sure your listing is SEO optimized with the right keywords to attract more renters—many property management companies can help with this, along with tenant screening and payment management.

Despite its modest price, the property was ideal for a quick turnaround.

Listing the property on Zillow, Airbnb, and insurance relocation sites like ALE Solutions should help you get it rented @Vincenzo Peter Manzella

Property manager.

I'm thrilled to begin my journey into buying short-term rental properties.