New listings are especially targeted, they're hoping you aren't saavy to the common scams yet.  

Insurance might be another issue you encounter, though. 

@John Morgan I had a really bad rehab that had the same issue and just rolled the dice and had the hardwood sanded/refinished and it worked like a charm.

An LLC is most common. 

Maybe I’m overthinking but trying to get ahead of any issues - thanks!

Worse case, you can safely use the 4% rule to tap into some cash from this investment if you need to over-draw from the line.Also from the rental income perspective, its common to see variances from monthly cashflow and the projected cashflow (spreadsheet cashflow), but if one is conservative in the projections then most likely the projected cashflow over 6 - 12 months matches the expected withdrawal. 

We started the journey last year Sept 2023.The deal closed mid November, after a 2 months journey to find the perfect property (price/Cash Flow/appreciate) and closed on it.Made her aware the holidays isn't the time for renters to move, however, once W2 taxes were issued in January 2024 she would get a tenant.She is officially a landlord!

The big issue for me is how I’ll schedule showings if I’m not home for a week or two at a time?

As a Texan I had to learn about things like Rampart fireplaces and earthquakes, and you'll learn more about our foundation issues and the primary bedroom preference downstairs here.

You also might run into issues finding anyone to do a closed end with less than $100k in equity.