Most of the regs prohibit it within the city, so I would check and see if the area you are looking allow it.Your best bet is to look at the markets on VRBO and AirBNB and see what is out there right now.

Cut your losses and let it go to foreclosure!!

If you're an out-of-state investor or are thinking about becoming one, what's the most important thing(s) for you when you're working through the process?

I am open to both the Gulf side or Atlantic/east side of south Florida.I plan to travel to FL early next month and want to have some idea of good cities/regions to start with.

@Craig JonesI'm also in Tahoe / Reno and this is a great tip. 

Also, do you tend to give lower rental rates in the winter months?

Could you recommend any resources or provide advice on the best way to approach this?

My tax person says I can deduct a % of the repairs I've done based on the SQ Footage of the basement unit.

In my mind, the agreement would look loosely like this: The option buyer pays an upfront fee to the option seller, giving the buyer a right to buy the property at any time between now and a certain date in the future, for a set price.

I am passionate about helping teach others, especially women, learn how to do the same!!