If you are talking about investing, you need to learn what to look for in your area of interest.

Purchase price: $182,250 Cash invested: $73,000- Residential area that is close to University of Rochester- Spent $20K in renovation of the aged unit and increased the rent from $750 to $1,450. 

I’m in the Redding area- I can refer you to a few commercial agents.

The area is a college town that is exploding, so I will most likely be able to raise rents to $2,500 next year very easily.

I’m about 4 years from retirement and regretting not venturing into this world sooner.I’m currently going back and forth on whether to focus on short term rentals in Florida (Destin, PCB) or long-term single family homes in the Birmingham, Al area.

So you are a sole proprietor and for tax purposes you will file as such.

Jason, Great spot in Fort Meyers that area has been exploding over the last few years. 

We have had two different contractors try to fix using various types of cement/epoxy while digging up outside area and they can not seem to get it right but have decreased the water a bit.

These would be the tenants that are storing their junk in publicly visible areas, consistent slow payers, or potentially even the tenants that will never be able to afford your proforma rents.  

Let me know if you need specific recommendations on managers in the Nashville area.