Require all roomers to pay the first week, last week and the security deposit upon move-in?

I'm solid on the fundamentals and running numbers, but I definitely have a few gaps in local knowledge since I haven’t lived there yet.Are there any investor meetups, networking groups, or regular in-person events around Green Bay that you’d recommend?

Tenant placement is a one time service and is often far more affordable than ongoing management, while still protecting you on the front end.As for compliance, this typically includes:Proper advertising and screening in accordance with Fair Housing lawsConsistent, documented tenant selection criteriaLegally compliant lease agreements and required disclosuresUnderstanding local and state landlord-tenant laws (security deposits, habitability standards, notice requirements, etc.)Correct handling of application fees, background checks and denialsGetting the placement and compliance right from the start significantly reduces risk, stress, and costly mistakes later.

As someone working in property management here in Northern KY and Cincinnati, I know how critical transparency and regular communication are, especially for out-of-state owners.The verification systems you mentioned - photos, videos, timestamps - should really be standard practice, not the exception.

STR rules are niche and not all CPAs are comfortable applying them.If this deduction is meaningful for you, it is worth talking to a CPA who regularly handles STRs and focuses on documentation rather than geography.Good luck to you, and happy to connect.

You also need to either have 1 year of property management history or take a property management course.If there is an active lease or a new lease in place with proof of 1st months rent and security deposit that would strengthen it as well.Some lenders may have their own overlay and not allow it, but Fannie Mae (one of the gov't sponsored entities that makes the rules for conventional loans) allows.

They've added new features over time (security deposit return) and they usually feel quite intuitive.

Make sure whoever you choose handles that properly - it's not just about the study itself.Also, for Property #1 (2019), you've already taken 5+ years of regular depreciation.

They would secure a mortgage for about half the purchase price of a property.

I think that's what makes a DSCR unique, It gives the borrower more flexibility to secure long term debt with minimal documentation and you are able to sell or refi, with a no prepayment penalty option.