If you have recommendations for other cities near the Milwaukee and Madison area that would cash flow, I would greatly appreciate the help.Thanks, Evan Rekowski Common newbie mistake!

That is a poor ratio but common in HCOL areas.  

It is now time for me to take the first REAL steps.I am seeking advice on, but not limited to, the following topics:-Agents, Contractors and Lenders in Tampa-Neighborhoods in Tampa-Homeowner's Insurance in Tampa-Avoiding common beginner mistakes-House hacking in generalAny advice or information is appreciated.

That delay pushed our timeline back and increased holding costs, but in the end it worked out.The common thread in all of these: despite the hiccups, the deals still profited, and the lessons learned were invaluable for future investments.

I’m considering a different property management company but don’t not want to go from bad to worst, if this is common practice.

It's common for vendors and contractors to try to take advantage of you, so you have to ensure that isn't happening.

There are a lot of standard questions that are readily available, or the screening site you choose may have their own application forms that you can't customize.Determine how you are going to identify which application is the strongest and ensure you are asking those questions.A few less common questions we ask:- How long do you plan to live here?

I feel it was the price for some valuable lessons for me to learn including do not fully rely on escrow, do not do 8 closings in one day (it was 6 hours of signings, I am confident if I was only closing on the one property I would have caught the error), some sellers cannot be trusted to do what is right (pay birddog agreed fee, paying me (buyer) the deposits that should have been transferred at close).  

Turning an SFR into a 2-unit and cycling capital from a profitable sale is exactly how a lot of strong portfolios get built.You’re wrestling with a very real (and common) fork in the road:Leverage local advantages vs. deploy capital more efficiently elsewhere.A few thoughts to consider:1.

This used to be a common claim of the Carls.I do not know if this bootcamp is still offered, but if it is I would recommend it for any new STR investors, managers, co-hosts, etc.