Thank you Jay 👋 Do you invest in real estate as well as act as an agent?

Based on the numbers you provided, these are well above the debt service coverage ratio of 1.25 hence from a lenders perspective, this is loanable.

Wise lenders have borrowers sign legal agreements and have them provide collateral that is worth more than the amount of the loan in case the borrower doesn't make the promised payments on the loan.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I started working with Rent To Retirement last year and have had nothing but good things to say about the experience as well.

Many of the estate properties are located on lakes or rivers providing unique recreational activities.

@Tobias JonesesI don't know the Long Beach market, but here in Colorado, another high-priced area, you can still do well with short-term rentals, but ... it's harder than it used to be.My STR investor clients that succeed are doing a few things.

Quote from @William Penn House Jr: I just got off the webinar and fell for the OKEDOK,  It was clearly stated the they would charge only $197 tioday as well as monthly and that would include everything.

This property has a ton of deferred maintenance but I'm purchasing it well below market value and I have a decent budget.