It taught her that if there’s any confusion about terms, you want that clarity sooner rather than later.When it comes to rent, I’d look at comparable properties in your area.. from what I read in Forbes, some commercial leases even build in annual percentage increases so you’re not stuck below market for too long.

Account Closed said, income and assets are the only "hassle" with a conventional loan.

Once you have a short list, get an account with each one and run them through the wringer to see how they function.

. - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio. 

I managed my own Airbnb account for the first 3 months after handing it over to Evolve.

4) Keep my money in a guaranteed savings account making 4.5%, until rates drop more or something changes, and the numbers are better to make a move?

Also helping was a relationship with that bank (deposit accounts) and good credit. 

Set clear goals, stay accountable, and celebrate small wins along the way, getting started is the hardest part, but you’re on the right track!

There's no step by step guide but there are key things : Learn: RE strategies, what interests you, what do people in your area need.Connect: find a mentor, accountability group and be around those doing what you want to do.Help: solve problems- do people need dealflow, property mgmt, construction expertise, etc. 

And that's not even taking into account the regular tenant BS.