...talk to an experienced local realtor/broker, etc.* Assess what rehab work needs to be done and assess the potential rehab costs.

Most PM companies have a requirement where the tenants income needs to be 3x the rent per month.There’s more to it than that - but it’s a lot to type out.It’s a popular strategy for those looking to get into STR/MTR and can’t afford or can’t qualify to purchase a home themselves. 

Do you pay SET on your LTR if you have a property management company?

I personally reached out to a local real estate attorney to draw up the contracts.

Every month you likely pay a mortgage payment that includes:Principle paydown - Liability Account (Balance Sheet)Interest - Expense Account (P&L)Taxes & Insurance Escrow  - Asset Account (Balance Sheet)Once a year, your Mortgage company will pay your Taxes owed and Insurance Premium - both Expense Accounts (P&L) 

Since our investments are currently elsewhere due to the price of things locally, we are not networked with investors or other local landlords..

In the past, I've done some out of state purchases [Memphis/Little Rock] through turnkey companies.

Investment Info:

Single-family residence buy & hold investment in Phoenix.

Purchase price: $585,000

Cash invested: $73,000

Our first Airbnb Property, bought for $585,000 and has not appreciated m...

My name is Matt, I recently moved to Houston and would really like to get into the local investment scene. 

Can anyone recommend a good property management company in Frostburg Md?