The other two units rent for $800 a month, for a total of $1600.Does this mean it does not pass the self sufficiency test?

I've helped clients purchase multiple short term rental properties all over Scottsdale and Phoenix (condos, SFH, and a really cool property with a guest house).

As a toe-dipper, I'm limiting my investments to $1K per offering for the time being to let the test of time work its magic.

If past that date I'm not getting paid, so my vendors aren't and if it happens multiple times I switch vendors and part of that monthly mgmt % is for my time to manage this process and/or find better services for you. 2) Get agreement on flat fees for the various routine cost such as landscaping, inspections, lock changes, etc, and require them to submit their vendor invoices as backup.

I’ve started using TenantCloud.com to track my property and they do have a listing functionality that will syndicate to multiple sites, but I’m guessing they will be more skewed to a US audience.If anyone is willing to share their experiences, that would be great.Patrick

You do multiple things by doing this.- You build your reputation- you can build a buyers list or a wholesalers list of sellers- you can find private lenders, so you won't need partners - you find mentors who are experienced- and you will find dealsHappy hunting!

Lots of positive feedback and multiple bids Lessons learned?

(Even though it passed all smog tests!!!!)

I understand it’s difficult to sue an LLC, however due to multiple late payments, non payments and bouncing checks from issued by the companyover the past year I strongly believe the company was using rental funds collected from my property for other interests as they could not regularly pay me. 

How quickly you find tenants will depend on multiple factors; how nice is your place, how nice is the area, and the time of the year.