@Kieran Dowling ah, so I think it would be important for us to speak about the different loan products out there.Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

What's the main reason you have to refinance instead of keeping the private loan?

They just want comps and reasons why I believe it’s assessed too high.

A separate QB file for the management company or you could probably do it as a separate main class so everything flowed together in reports.The accounting part is fairly simple if you set it up right, just make sure you have your entities set up correctly, by the advice of both your attorney and CPA.

@Gregory OwenFor reverse mortgages they are one of the main players.

Hey Kyle, one of the reasons I became an agent was actually because I wanted to invest in real estate.

So, on a turnkey 5+ unit property you could find ways to still potentially add value and do something like a BRRRR potentially but mainly because these properties are considered "commercial" and valued using the "income approach" when an appraisal is done. 

Would that be a reason to file the arm's length affidavit with the court?

- Depends on if they had money to do so, your approval or covered in the management contract and they need to be given a reasonable amount of time once all those factors are met.

I don’t know DFW well and mainly focus on Midwest markets (Detroit and Memphis)