Don’t forget to check out off-market deals, they can give you better returns.

Unless you look for an assumable loan or seller financing, forget it.

So that "pro" tends to be a fallacy.Even if your lease states that it auto renewws to M2M, you can still give them an annual renewal before that renewal window is up, and your annual renewal will take precedent.Yes - if you increase rent, give them notice and sign a renewal/amendment to the original lease.

Watch out for these rookie mistakes:Underestimating repairs—always budget more than you think you’ll need.Skipping tenant screening (trust me, this will cost you later).Forgetting to factor in vacancy and turnover.Ignoring local rules or HOA restrictions on renting, especially in tourist areas.Duplex vs.

Can anyone give me any advice for getting started with his first property in Kansas City?

So, embrace the journey, and don't forget to celebrate small victories along the way!

With RentRedi you are reduced to talking to a "BOT" until an agent decides they want to chime in (still only on a chat window no phone numbers for RentRedit).

But forgetting to mention the downsides and when it's the wrong market, it's a disaster.

Brush up on building code requirements: in basements you're looking for egress windows that are 5.7 sq feet or more openable (3ft by 3ft casement style windows work best), and ceiling heights 6ft 8 inches or greater (as little as 6 ft 4 inches is ok under ductwork and beams though)3.

Aside from them making sure the property is secured, doors and windows locked.