usp=sharingCurrent Rent Long Term in 22302: $1800-$2200/moCurrent Rent Short Term AirBNB in 22302: $2000 - $3000/moCurrent Comparable properties at this price range (are condos with 500-$1100/mo condo fees) What made you interested in investing in this type of deal?

What additional questions should I ask the seller and the broker, especially for a property built in 1937?

Really apologize if this is a stupid question, but I’m new to RE investing so I hope to get some help with this basic question. i recently went into contract for my first rental property out of state (PA).

Hello all,I have multiple rental properties but haven't created any LLC structure.

I'm buying a property directly from the owner. 

I've been doing some research on buying first rental property in Port St Lucie Area. 

Cost Segregation and Tax Basis A cost segregation study dissects the purchase price or “tax basis” of a building property that would normally be depreciated over 27.5 years for residential property or 39 years for commercial property.

The two biggest challenges I hear are not realizing the condition of the property (for example, finding out the property is in a worse condition than it is) and working with contractors (not finishing the job, taking too long, etc).

Going to the property is also a great way to keep tabs on the condition of the property.

., other borrowers in your market, contacts for tried and proven contractors, etc).Of all things to do, you should not hide and ignore phone calls.And last but not least, if none of that works, list the property in hopes to recoup your losses and let another investor take over and get out of the project and take the lessons you learned and apply them to the next one.