How is your first rental property going?

Hi Matthew, Hard to tell without knowing your current rate and more of the overall scenario.ThanksCraig

Depends on how badly you need that 30 grand.

@Victoria Taylor how risk adverse are you?

Quote from @Mike Shemp: In the beginning most of our challenges were just making sure we were following all the guest communicaton cadence, but that was when we did everything manually.We use Hospitable, and it has helped with all of that so really the only piece left for me to automate is rental agreement automation, but I think Hospitable is working on that too.Mike how is going for you?

I know the actual cost can vary by location, property type, and provider, but I'm wondering if anyone has a solid set of rule of thumb they use when crunching numbers for a quick analysis?

I know the theory but would love a chance to meet people who have been doing this for a few years.

I know CA has a lot of rules/laws but in FL to start out I would incorporate, get EIN, get banks set up and then you are in business.  

With buying a house hack - you quickly learn what ownership is, how to manage current tenants and pre-vet new tenants, how while you're owning the property - you're investing in yourself and not someone else's own property by just paying the landlord rent.What's fun about this game is it really does not matter how old you are when you're getting started.

My current coverage is with State farm ,so I know for sure.