The property has been drawn up and is permits are ready so it's just a matter of finalizing the cash for it.I know Tampa area has been booming so it generally seems like a good idea.

That's a better place to start instead of putting all of your eggs into a stranger's basket.

I started looking into this because my neighbor had to hire a process server to find how to serve the Management Company.

Does anyone here run profitable rentals (long term or short term) and would be willing to share some good locations / strategies on getting started? 

Have a hospitality background after starting and owning my own restaurant and this combines my desire for real estate wealth with my background.

I heard many successful stories from my past clients that have started doing this a few years back.

Just completed the 90 hours of school for real estate and figured this would be a great place to start networking.

So I started trying to get creative on how to create a win-win-win for all.Here’s how it went down:I got the sellers to agree to an asking price of $180k, a full $40k over what they originally wanted.In the offer, we included a seller credit of $34k.This strategy allowed me to cover the extra commission for both the buying and selling agents and ensure the seller got exactly the cash they wanted should they have sold it at 140k.With the seller credit, this reduced my total out-of-pocket expense to just $6k.I used a commercial DSCR loan product with a local bank.

I have a place in Little Rock that I pay $1220 a month for the mortgage, and I still owe 25 years on it. Property Manager says I can get at least $1900 a month in rent on the open market and $1770 going Section 8 rout...

Ideas on how to proceed in a situation like this would be appreciated.