Without substantial renovation or repair / forced equity, I doubt that since almost 12 months ago you have enough to do a DSCR cash out refi.

I'm not factoring in a percent for vacancy, repairs or capital expenses.

Proactive, I do not have to ask them for information, they run annual rent analyses to increase rent appropriately, and they get after repairs.

As the owner of Oz Realty, I wouldn’t recommend any other property manager in Toledo to take you on.Most companies don’t allow landlords to use their own contractors for repairs due to internal operating inefficiencies. 

Certain expenses are all lumped together for the sake of the P&L like insurance and taxes and others like repairs and maintenance can be viewed collectively or by individual property.

Within minutes of uploading entire disclosure packet, it automatically detects various type of documents (home inspection, TDS, solar, roof, pest etc.) and creates an insightful report of safety risks, costly repairs.

I’m not skilled in repairs and live in a high-cost, tenant-friendly area, what would be the best way to invest my money?

No worrying about renovations or repairs, so you can start making money quickly.

Some trusted vendors to build initial credit include:Uline: Office supplies and shipping materials.Quill: Office products.Grainger: Maintenance and repair products.These vendors report to business credit bureaus like Experian, Equifax, and Dun & Bradstreet, helping you establish a payment history.3.

.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!