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Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

I put 25% down, and at that time we were thinking to keep this as a vacation home where we plan to retire eventually.

Hi All, I'm freshly starting my MTR and have quite some questions that need your help: For tenant screening, I plan to do the routine background (eviction, criminal) screening and credit check.

My plan in my beginning stages right now is to invest in the general Florida area, locations like Orlando, Tampa, Venice, Sarasota, Punta Gorda and Ft Myers. 

Maybe that is one of your interview questions.If you are very top producer there can be some advantages, like employing your kids, SEPs or retirement plans and maybe if you have a big team some shield of liability if you set it up right and practice what your attorney teaches you to do to keep everything separate.

I plan to self-manage it, should be able to easily demonstrate 100 hours and no one works more than me on it, and keep the stays under 7 days.

If it was my thing, ever high was in like new condition, and it fit the theme I was going for maybe I’d pay $5-$10k more for it to be setup?

Plan for risks to avoid issues.

The other home sounds like more of a set and forget type - move in and then get back to living your life as you see fit.