For example, you can use credit cards for vacations you can't pay for. 

You might pay $100,000 less for a resale vs new with the same rent.Most new home communities do not allow investors.Many if not most of the HOAs for the new home communities are not friendly to investors. 

If the seller will entertain it you write it into your offer - what you're willing to pay total, loan term, interest rate, down payment. 

It mirrors my success in my realtor business: My first clients were all friends, and from there my business grew to referrals, and today it's 95% referrals and repeat clients.

I plan to be raising the rents on them because they are currently paying about 40% under fair market rent.

If you're youngish and like a location and the "vibe" of a property, you'll find other youngish people who like the same thing and want to rent from you.Our house-hacking clients in Denver and Colorado Springs have clients across the spectrum -- students, single parents, professionals, blue-collar and white-collar workers.

Paying rent will force you to maintain a personal budget, it will ensure your property produces the income necessary to operate the property, it creates a savings for you as a landlord so you can prepare for the next investment, and it shows how the property performs as an investment in case you have to sell.You need two accounts: checking and savings.

Dealing with a tenant who isn't paying rent can be stressful, but it's a challenge many landlords face. 

Not dealing with bad tenants (letting them pay late, do damage, etc.)Understand that vacancy is better than having a bad tenant.

I am having a client of mine get a physical guestbook and they don't live near the STR.