Buy and Hold in Hot Rental Market

Hard to know, this was a hot summer. 

I'm also looking out-of-state, another Indiana property, Ohio (Columbus), Missouri (Kansas City area), Tennessee (an hour outside of Nashville or Memphis), Florida Panhandle (why are so many people moving to Florida?). 

Get good at looking at non cosmetic things like HVAC, roof, hot water tank and electrical panel and put those things in a separate list.

You also need to consider that the summers in the Phoenix metro are slow for STRs since it's so hot, most people can't hang.

The inspection isn't very hard, make sure the plugs are grounded, the hot water works, the toilets flush, drains work and light switches work. 

Going forward I intend to be more in the Nashville and Huntsville areas, and would love to connect with anyone trying to get into the creative finance and multifamily space, as well as anyone who is already in the space and looking for more opportunities.

I haven’t felt it myself but she says she sometimes will be taking a shower and then all of a sudden the water will get very hot.

Of course they are always in favor of anything to increase bookings.We've been told hot tubs and pet friendly make a big difference. 

Although in a hot market, this is pretty much useless and gut feelings usually work better.Again, If you are buying in a market you are extremely familiar with, you probably don't need an agent.