I'm looking at condos that are part of hotels/resorts, for occasional personal use (I travel a lot and need a place to come back to), and to have STR income when I'm away.

Find out the average lease time for your market and for the person asking you to sign.

I could talk about this for 10 minutes straight and it's a pretty personal decision with positives and negatives to each.

As someone who built a 200 plus portfolio of SFRs ( section 8) I can attest that for ME Personally.

@Miguel Del Real if you are just starting out, and maybe you’ve never bought your own personal resident, it is risky to not have somebody in your corner.

Quote from @Melissa Rivera: When a tenant is late, your policy should be that payments must be in full and with a money order or cashiers check.I would contact the tenant and tell them you will not accept or cash the personal check.

Personally, I think it’s important to continue to stay creative and generate new ideas on all facets of the business as legal restrictions continue to present themselves.Have a good one!

It's NOT to "sell" a person on renting, NO, it's to just get them to click on it that's it, HOOK EM IN, get em to open the listing(C) REEL EM IN!   

The cash came from my own personal savings and my father who invested in this deal with me.

I would personally screen my MTR tenants and have them sign a lease.