Many operated without an agreement and proper documentation.

If it turns out that combining households is the proper way to go, let that fall out of the evaluations.

It's important to properly analyze all of your expenses prior to buying so you don't get yourself into a bad investment.

I'm wondering what steps I could take to ensure that this is a good area to rent in.

So with limited time paying off debt may not matter as much as ensuring an ongoing income.

The way I see it, if I can just gather the info and plan properly I can minimize the risk of heavy loss, mistakes.Jennifer Lee yes I am excited about planing for the vacation home, and your right, having a good property manager will make owning the rental much easier.

You can use a Shellac base primer which should encapsulate the staining AND odor (Cover Stain just covers the stain not odor) but you should really wash the walls down with at least a TSP substitute prior to priming and painting to ensure a good bond.

It is the listing agent's job to schedule with the tenants and to make sure that the tenants are properly notified that the showing will be taking place and when.

Also, what are some resources that I can use to do a proper screening of the tenant?

Iknow that in Cali the broker has leeway in originating a loan, beyond that, I suggest you get a mortgage broker/originator or ensure the attorney understands and can/will certify the note and you as a Realtor (or investor) not get involved in the processing or setting terms.