If you go this route, buying a 5-10 unit commercial property offers the chance to scale quickly and diversify, though commercial real estate comes with a learning curve and stricter financing rules.

To be conservative, assume 0 or 1%Property manager: 9% plus other one-time cost.

Prop 13 virtually fixes the property tax.  

I have some good deals on short term rentals in the northeast and am looking for financing, both for the mortgage and potentially as capital partner/LP. 

I had talked to one particular group on a property of ours in San Antonio, but after about four or five houses and they still did not act like anything would fit then I pretty well gave up on it. 

But my background and experience is in Business Development, and Marketing Strategy in close integration with sales, so I figure I at least have some transferable skills that'll allow me to make the most out of property as an asset class.

Quickbooks (for me) is not a useful tool for managing rental properties. 

Hi
I can't find anything in Ohio code either way about the topic in the
title. I have rental house with a separated detached apartment above a
garage that I plan to sell. Tenants are in both units. Once they get ...

@Jason ScottI would also take the higher rate and put less cash at closing as the delta as mention is $50/mo which means as long as you refi in next 4 years then taking the credit was the better choice.This is assuming the $50/mo does not have a significant impact on you and your finances.

The type (and location) matter a lot but as a general trend vacant Land sales have definitely been slowing down as of late.We have dozens of properties at a time up for sale across multiple states and we spend a healthy amount of money on our Dispo advertising.