Over the years, I have seen how much risks investors take on - especially with off-plan projects- when they rely solely on due diligence without adding any real legal protection.

These are smaller homes with open floor plans, all spaces maximally utilized, no basements, and limited space to store extra things.

I saw someone above mention considering an STR - turning it into a short-term rental can make sense if you’re looking to offset higher W-2 income, and even if it is an LTR adding it to your portfolio can help work toward REP status since management time counts toward material participation hours.

There are also many organizations that host real estate events that are open to the public - it's just a matter of being added to their email list.

They fabricated the lease , added a new tenant to it, and collected rent from the new tenant for the last 4 months.  

At a market interest rate of 6%(average rate today), along with property taxes, homeowners insurance, and private mortgage insurance(added when putting less than 20% down) your total monthly payment would be around $5800/mo.  

@Ravi Pamarthi  while people are reccommending adding pets I would say that you should set a limit and decide what you are comfortable with when it comes to pets.

The answer is not enough to make it worth adding the cost and the risk.

Well, their "8 solid review streak" is now ending, since they cost you the money for the cleaner's extra trip. 

Are you planning to keep some extra buffer for those gaps between draws?