But if they stop paying, you stll have to do an abbreviated foreclosure to get the property back.May want to do Lease-Option, where they lease the property for X years, with the Option to purchase at a contractually agreed upon price.

This includes property management, purchasing houses, etc.

I own a few properties here and so far so good.

The real work does come in with driving around like you mentioned, maybe being creative and showing properties they may not have thought of, and articulating different ways to offer on a property, just to name a few items.

@James McGovernIt's important to understand state laws, but the process is generally the same.In my experience, Section 8 tenants usually pay on time because they know that getting evicted would make it difficult for them to find another property to rent.

So I recently just purchased my first rental property.

Obviously having a 60+ unit portfolio affords me the opportunity to have a revenue (fractional) - so if you only have a couple of properties in 1 or only a few markets you should be able to base off of your competition and booking trends.

My investment properties are easy to claim taxes on since they are 100% investments.Do you subtract the room square footage you live in and claim the rest as investment?

This is mainly if you want to be hands on with your property, which I want to as well.

My focus was not just on improving the property, but on ensuring it would become a desirable asset in the market.The Transformation:As the renovations wrapped up and the property was brought to its full potential, the results spoke volumes.