Here's what I have done:Day of closing, drop off a letter with my contact information, rent payment instructions, etc.

How can I prepare for the hidden costs of purchasing a property?

I was instructed to run comps like this...Look for 5 comparable properties.

If not do that on transfer and send a nice welcome letter with payment instructions.

The tax lien sales published on the STL city and county websites including instructions on how to acquire them at the auction.https://www.stlouis-mo.gov/government/departments/sheriff/Land-Tax-Sales.cfm

I assume if you do not have a business license this is okay to do under your name, but please correct me if I'm wrong.Create/Gather all forms such as lease agreements, rental applications, acceptance letters, denial letters, move in/out checklist, pet policy, lead paint disclosure, rules and regulations, deposit receipt, legal notice to pay or vacate, legal notice to comply with lease, notice for landlord to enter property, instructions for move-out, disposition of deposit.

Tampa, Orlando, Sarasota, Port Charlotte/ Punta Gorda, Jacksonville. http://wolfstreet.com/2017/05/10/miami-preconstruc...http://wolfstreet.com/2017/04/05/condo-glut-miami-...http://wolfstreet.com/2017/04/03/hidden-crashing-p...http://wolfstreet.com/2017/03/26/miami-dade-flippe...Not trying to scare you just sharing info that I hope you find helpful and cautionary.

I am also interested in knowing all the hidden fees and other unknowns.

Reason being is there might be something hidden that you hadn't see where the inspector has.

The plan I had was 1. 5% down on a newer multiplex-build as an owner-occupant with tenants.Plus2.20% down on an older(not too old) single family/cheaper multiplex to be tenant occupied only.My overall goal is to hold these for as long as possible for appreciation and cashflow.I need help identifying 1. what a good deal is, 2. making sure I am not buying a property with hidden issues, 3. getting the right realtor, property manager, 4.