From what I have read, this is viewed as a "gift" and so the capital gains tax implications change based on local laws/regulations.

I have searched through the forums looking for an answer, and I have read that some people say getting an umbrella insurance policy is better.

From a single family buying perspective, my only experience has been buying a new home 6 months ago, selling our current home, and talking with people I know.

We're doing a ton in Detroit yet and it's largely using our experience and market knowledge to sift through a LOT of garbage.

**Additional Tips**: Any other advice or experiences from those who have successfully managed medium-term rentals would be invaluable.I want to ensure that my contract is clear, fair, and legally sound.

Read our editorial guidelines for more information.After a decade of relative stability in mortgage rates, the last few years have seen unprecedented volatility and changes in mortgage rates.

In my experience, most tenants will play ball when they deal with a landlord who acts like a professional and sticks to the policies.

I'm currently reading the Bigger Pocket's Book on Rental Property Investing by Brandon Turner.

I am looking to get my first deal this year and trying to learn as much as I can, thank you for reading this post!

Hello - I have few friends that are buying empty lots around us, playing a role of GC to build a house (have learned it over the years with education and experience) and sell it.