Purchase price: $249,500 Our first home turned first rental property!

Thanks Your umbrella will not protect you because an umbrella only kicks in when there is underlying liability insurance.You should be able to find other property insurance but if you can't or don't care about it you can purchase liability insurance only for the property.

You want to be able to keep your eyes on the whole process.

@Eli KingThe seller would need to contact the servicer of their loan and confirm it’s assumable.You would then need to qualify with that servicer plus have the funds to cover the difference between what remains on the loan and the purchase price for the home.

Over the long run you will pay them MORE than you get that is why purchased warranties and insurances are HUGE money makers for those who provide them.

Let's dive into the short term rental financing process and provide you with the tips and tools to finance new STR properties anywhere and anytime. 

We purchased our first rental in Aug 2023.

There's nothing wrong with fixing something that is broken, but you shouldn't be making improvements to things that are clean, safe, and functional and that were fully observed by the tenant during the showing process.

Purchased with a 25% down payment.

From what I have read, the main benefit is early access to MLS for purchasing homes and saving on commission costs while selling homes.This leads to two questions: - Is simply having early access to new listings worth $600, or is it only worthwhile if I plan on flipping and selling a property on my own?