Memphis, TN is on the other hand is very unfriendly to landlords, lots of crime (I've been personally robbed there haha), and lots of gangs and drug use.

Generally the maximum cash out limits on cash in hand can be higher (above $500K for most HELOC's) and qualifying is much less cumbersome.

The manager could be well-intended, and getting duped by a plumber, but that’s where an experienced hand makes a difference.

Then you start to get a following, people reach out because what you did with them..

Like others have mentioned, you will pay structurally more for a home warranty than self-insuring for the cost of repairs.This may be worth it if the value proposition was that you could be hands-off whenever a covered item breaks.In reality, it adds significant overhead because there is the claims process and you give up control of the repair timeline and quality as you have discovered.

Thanks John,Happy to start learning from all sources. 

We are here to assist you with any properties you are looking to invest in on our site or anywhere.To your success, Zach >You certainly could include 5% capex, but this seller has not as the home has been recently renovated or newly built, meaning you would not expect large capital expenditures within the first 5 years at least. when a product is placed into service its lifespan has started.

We raised our monthly rate slightly and were able to lock in a $2700/month booking to start this month. 

Pre-sale tickets start June 26, with general sales beginning June 28 at 10 a.m.

At my first B&B I started out with 3/7 rooms with double beds.