Purchase price: $274,900 Cash invested: $66,511 Sale price: $400,000 Estimated a lot more on repair cost than actual cost.

Here is a fun lil horror story to illustrate the need to line up your ducks FIRST!! 

I have most LLC'S in my state where most properties are located.I do have a Wyoming LLC that is the beneficiary of a TN land trust that owns a cabin in Pigeon Forge. 

He missed the target by nearly a month and we ended up paying holding costs, HOA, Utilities etc for an extra 6 months until finally selling in the spring for a reduced price.

If they specialize in ADU's and making the most of smaller footprints that's for sure a plus. 

I remember listening to a podcast episode of someone who would rent their LTRs to a non-profit at market value so they could use the housing for people in need.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I have a goal with in the next 12-24 months that I will be able to walk out of my job, and into my passion full time.

I'm a medical worker myself, so I think the resources and connections I have in that field would help.

I require my tenants to have a minimum credit score of 680.