We used a mortgage broker to get a reasonable deal on rates, then did the rehab with locals, managed by us. from home and on site. close to breaking even on a month to month basis even with Covid cancellations and such.

As a new investor, your product choices are limited. 

I'd prefer to manage a property in Chico, if I had the choice between Chico and Redding, for instance.Another possibility, if we're looking at university towns, would be the Arcata/Eureka area. 

Additionally, vinyl plank comes in a variety of styles and colors, allowing you to choose a design that fits the aesthetic of your property.As for the walls, if you are looking for a budget-friendly option to replace tile, wall paneling could be a good choice.

It also can get challenging to set a price now to possibly buy in the future that the owner and you will feel is fair (with markets still appreciating at a healthy pace).You can also keep your eyes open for a seller willing and able to do a land contract with you (but there usually would want much more money down and likely want a full pay off in a few years, but can see what you can negotiate on terms).I agree nothing illegal about options/option fees in WI to my knowledge, but generally seem much less frequently used in single residential transactions than commercial transactions where due diligence and closing timelines may be very drawn out.

We do ask for W-2's and bank statements, it's right on our website.But, to ask your PMC to do this when it's NOT part of their standard process, after you've hired them, is not going to go over well, as you are experiencing.So, you have a choice, accept their standard process, pay them extra to do as you want or take them up on their offer to terminate.

Account Closed I would also advise to raise the rent a little each year but not enough to make then upset or run away.

Account Closed I was a constulant in this industry for over a decade, but I work for a corporation now.

Hello,I am in the closing process on my first rental property duplex.

In a few short years I could likely move to areas where the median home price is around $100K and likely get fairly close to retirement (although I don't want to).Although you may not cash flow, I recommend starting with house hacking.