Normally you'd be more apt to fly under the radar in a part of Phoenix that doesn't have an HOA... but all it takes is a complaint from the neighbors that you have too many cars parked in front of the house and it can send your whole world into a tizzy.

The interest rates for rental properties are normally 1% higher.  

I have the normal clauses in our rental agreement and with my property manager, but from what I am reading I could still be liable for not verbally offering habitable housing.  

You can setup a free or low cost voicemail system through a service like Google Voice or American Voicemail and have those systems ping you when you wake up or set off sirens in your home if you’d like, entirely up to you.

@Avery Carl This point make sense, but it really depends the level and quality of cash flow.For standard LTR cash flow, they are normally not good enough to scale business, so we need to build equity (BRRR) to make ourself scale.The business model for STR might be different, but still, equity is the real wealth.

Here's a basic calculation:Purchase price: $50kRehab: $30kARV: $100kIf you can hit those ratios, regardless of the actual numbers, you can leave a trail of rental properties in your wake without leaving your own money in the deal.

@Tavish File  Just do most of what you'd normally do. 

While you can use an attorney, we normally do title company closings in Maine. 

I’m interested in learning more about the general approach of some DMV investors in the space:- How much do you normally purchase a home for?

@Tiffany Sloan  Do what you normally would do and have a backup plan (which you should always do).