So you would net $33k in that example and that also doesn't include state tax. 

hard money lenders generally specialize in loaning on distressed properties and including the rehab in the loan. 

As well, I do not rent any property that I myself wouldn't live in, which includes location, finishes and repairs. 

Thanks @Michael Watts, the 2017 edition just came out and has almost 400 pages, including forms!

The listing agent should have all the info available to potential investors that they'll need to make an informed offer however including rent roll, financials, photos, proforma, sometimes current leases redacted and sometimes (more rarely) even a recent inspection or pre-inspection, etc. 

Gene, Considering your goals I would suggest smaller multi family that you own your self.  

In almost every case you are better off to be your own company with E&O insurance and self managing. 8.

@Danny Van- thanks  1) if you have some equity in the property - you might consider getting a HELOC in place now  in case you  want to use any  equity in the future ...Its  easier to get a heloc in place on a primary home as compared to a rental  2) contact your insurance agent and  ask for an  estimate for how the insurance coverage and premium will  change  3) consider  a proeprty management firm if you dont want to  self  manage  4)  get any forms and  processes  in place  (  leases / credit checks / bank accounts/  etc ....)

Hello BP Community,I've been following the social media channels closely and decided to hop on here and say hello 👋🏻I'm Marco, and I'm 29; I was born in Italy, traveled the world with my wife for the last four years, and eventually settled in the Canary Islands for 1.5 years.I hold a PhD in Electrical Engineering and have worked in tech for the last five years, which eventually granted me an NIW green card.We (my wife and I) hold a $1.2M+ portfolio of 4 self-managed short-term rental properties (across the Canaries and Italy) and a long-term property in Rome, Italy, that we rent out to students.

If you want to dictate how to screen the tenant then you should self manage.For a W2 employee position I do not ask for their W2 or bank statements, just pay stubs.