Hoping to get help from like minded people.After lurking in the back ground for years, we recently started purchasing property in the greater Birmingham area.  

When a lease ends they’ll suggest new rents and if the tenant hold be offered a renewal. some will offer to transfer utilities for you when it goes vacant, all should handle the transfer when a tenant moves in  With 10 properties I don’t “talk” to my PM more than 2-3 times a year.

Hugh, congrats on your first investment property!

I plan to wrap it as an exit strategy,  but assuming worst case scenario, If I were unable to make payments and foreclose, the seller takes the property but would my credit or record be okay?

I have an opportunity to JV with a company that has identified properties and will fix/flip.

It sounds like you are trying to buy a second property with less of a downpayment than 20 percent.

I've done three flips in Denver, where I live.  

Start small with strategies like house hacking, leveraging your hands-on skills for value-add properties, and building a strong team or network to reduce risks.

How long have you owned this property? 

Rental property taxes can be tricky, but you have a few solid options:1.