We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Its important to know what the max rents will be so that you can cover your mortgage payment and hopefully also cash flow every month.

However, it's important to be cautious, as sheriff sales can be risky for inexperienced individuals and may lead to significant financial losses.3 - Referring to point 2.4 - I can provide you with some recommendations for CPAs who are based in Ohio.

- In our opinion/experience, it's important for an OOS investor to understand the "lay of the land".

So I would really focus year by year and see you're making tangible progress, but more importantly no moving backwards.

If you are experienced, how important do you think it is to know a deal killer? 

What's important to me is that your 401K isn't viewed as something you can just take money out of for personal use but if my 401K is there to fund my retirement and I borrow money against it to fund other retirement assets I don't see the issue.If you have more questions let me know.

It's important to follow your state’s tenant/landlord laws and maintain a record of any essential notices given.

However, short term rentals are much less passive than long term rentals and are essentially a hospitality business, which is in and of itself required a whole additional layer of knowledge and expertise.With regard to your question about private lenders, it’s important to draw a distinction in terminology between “private” and “hard money.”

Understand you have great equity position but it is expensive, but more importantly  takes a lot of time and very distracting from other money making activities to foreclose.