So if you have good ones, treat them right and don't sweat the small stuff, control what you can and perfect your systems to define expectations, reward them when they do well (bonus for finishing early, bonus for short punch list etc).

@Adonis Eugene Yancey, good choice on not calling current owners.  

It would be perfect for you.

And if any of you is looking for the perfect tenant for your investments in Charlotte, I am here!

I found this deal as i was searching zillow one night out of boredom and it was in the perfect location where it was close to school, work, and my family!

I found this deal as i was searching zillow one night out of boredom and it was in the perfect location where it was close to school, work, and my family!

@Dan Heuschele Perfect, that sounds hopeful, thank you so much.

As Wayne perfectly put it, you are taxed at net, not what’s in your checking account.

Read some studies (but consider who paid for them and their motivation :-) And cities like LA, Seattle, NY cannot blame the vacation rental market for their housing problems, those are the result of failed policies by years of leadership....Vacation rentals have many benefits over standard rentals that you might consider a) they open up areas to vacationers that would ordinarily not be accessible (not everyone wants to stay in a hotel district).b) they almost always improve the neighborhood they are located in - the house, inside and out, must always be in near-perfect condition in order for the landlord/host to stay in business.

Greetings all, so I'm a beginner investor in a precarious situation, and would love hear your feedback on my situation.So under contract, is a great deal that fits perfectly my criteria, 20% down on one lot with two houses, both cash flowing beautifully.