This is my very first time renting the unit as I purchased it a couple of months ago.Though they are requesting application, but being out-of-state is not instilling confidence in me. 

is it possible to barrow (hard money) for the down payment im looking at turnkey and would like to purchase 2 at a time.

Also I only hope to purchase 1 new property a year so I assume those situations wont pop up too often.Thanks for the quick reply!

I had to give 30 days' notice per our management agreement to a client I have 13 units with on Friday after having to hang up the phone on him Thursday afternoon and telling him if he ever speaks to me that way, it will be our last conversation.

Meaning if you expect the new water heater to last 8 years and it cost $1,200 to purchase and install then it cost you $12.50 per month on average and that's the number you should use when calculating monthly cash flow.Being hit with a lot of capex early on when you own a rental can have an impact on your reserves for sure, but the nice thing is once they're done you should have X years before the same expense comes up again.

I am looking for some help getting a liability agreement set up for my new short term rental.

This is very common.Lets say suburban purchased 50 miles radius outside of city center.

Hi Jin, That information should be in the master association documents you should have received when purchasing the property.  

That ensures you don't spend it on other things and know exactly how much you have to spend on the next purchase.

Hi Samuel, What is the price point for this purchase?