I always say, no good deed goes unpunished; meaning “letting” tenants just move a few things in, now makes you liable for their belongings if something were to happen i.e. flood, robbery, fire etc… AND those things can and do happen, then their renters insurance probably doesn’t start until the 1st of September and you said their lease doesn’t start until the 1st of September.Do the right thing, refund back the previous tenant IF the new tenants move in early, and also change the lease date and the new tenants need to pay from that date.

Was able to BRRR with very little money left in the deal after refinance, Found renters and now have a cash flowing rental with a decent chunk of equity available.

Second home purchase may not also work since you can't use any rental income from the property to help offset the mortgage debt.

Here’s a 10-step process to get started with out-of-state real estate investing:Research and Select a Market:Identify markets with strong economic fundamentals, job growth, population growth, and potential for real estate appreciation.Consider factors like rental demand, vacancy rates, and local landlord-tenant laws.

Revisiting the subject of financing for vacation home/vacation rentals/STR's.  10% down is still an option without having to pay points.  

The difference only comes into play with rentals or other holding investments. 2.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $367,500

Sale price: $730,000

Started property management company after the sale of this home

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

Here are some things to consider:Most investors don't need software until they have 5-10 rentals.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $117,000

Investment Property, Buy & Hold, Las Vegas