But you'd also be paying relatively less for your home than if you were to buy a SFR for yourself with no income to offset your expenses.If, or should I say when, you rent out your unit also, you'd be grossing $2,200/month, and there'd be what to talk about (is $1,200 a month enough to cover all those items listed above aside from debt service?).  

More items in your inbox @Tim Kelly. 

Take a checklist with you and take pictures/video of each item/room to review later.

I feel that knowledge is one of the most valuable items you can have in this day and age, and the more books I read, and the more podcasts I listen to, and the more people I speak with, the more I have a desire to gain more knowledge from people who know more than me. 2017 will be a good year, I have made the goal to buy my first rental property this year and to get started in the large world of real estate investing.

This way most things are covered, who is responsible for insurance, marketable title wording, septic inspections, type of financing, items included/excluded, utilities on/off, who owns a propane tank if there is one, gas and mineral rights, certificates of compliance/occupancy blah blahI of course would then ensure my clients interests are preserved with the right checks and a good number of days for contingencies that work in their best interest.

I'm sure they get a lot of tire kickers and a lot of these prospect phone calls feel like a waste of time, so this made me feel like a waste of her time.She had a couple of follow up items she was supposed to email me but never did.I would have much rather if she just told me it wasn't a good time and rescheduled.

@Jason A. all of those items are great items to put into your lease or added addendum's.

You should have in your expenses / P&L a line item for R&M (Repair and Maintenance -- basically toilets fill valve, A/C filters, dishwasher repair, etc.) and another for CapEx (Capital Expenditures - New Roof, New Water Heater, New Carpet, etc. 

So please stay tuned.)TCJA changes affecting vacation-home ownersNew limit on property-tax deductions:Before the TCJA, you could claim itemized deductions for an unlimited amount of personal state and local property taxes.

Everything is builder warranty for 1 year, big ticket items have 5 year warranty.