Ask for higher property tax prorations4. on insurance, if you can afford it , ask your insurance agent for higher deductibles.5.

Don't forget to do another title search and get title insurance when you're about to close on the land contract to make sure everything is as you expect.2.

I had that happened to me.What has worked really well for me is a detailed set of Landlord's Rules and Policies that I incorporate into my standard lease agreement.

How much importance are you placing on speed of funding and flexibility, vs. yield and underwriting standards?

Insurance is there to cover claims, but it’s not designed to shield you from every situation.

I'm looking to do something in Santa Fe that is a bit more upscale than what you would see for say, travelling nurses, etc. and moreso geared toward travelling professionals or creatives who would benefit from an office space in the house, along with thoughtful and current renovations and furnishings.This is my first time buying an investment property and I'm trying to figure out a realistic way to analyze properties with potential renters but have found mixed opinions on how to predict pricing, especially when doing something a bit different than a standard furnished unit.Would love any insight that you are willing to share!

The Tenant Classgreatly impacts rental income stability and property maintenance/damage by tenants.Both Property Classand Tenant Class affect what type of contractors, handymen and property management companies will work on a property.If you buy & renovate a property in Class D area to Class A standards, what Tenant Class will rent it?

Swap old water heaters only as they fail or if you’re standardizing for reliability.

You can rent to them (via a corporate lease) for a lot more than standard rent.

Outline how they’re secured (first lien, insurance, promissory note, etc.).* Communicate like a pro.