Quote from @Bill Hampton: @Tomoko HaleCheck with your city/county regarding STR regulations first. 

The house has a water bill for $1,300 which I am ok with.

If you are also living below your means, saving, and reinvesting after tax dollars you can get the ball rolling faster.Nothing ruins an investing career faster than a surprise $20,000 CapEx bill to a new investor who has $2,000 in the bank and just spent every penny they have on a high risk property. 

Quote from @Bill Hampton: @Katie NolanWelcome to Bigger Pockets.

It doesn't quite remind me of 2004-2008 since the borrowers need to have a history of paying their bills on time and provide evidence of the capacity to repay the debt, for investment properties lenders are requiring anywhere rom 10-25% down depending on the loan amount and documentation. 

And some of these issues....particularly the one above, can come up a year after closing when that new owner gets that first $1,000 bill and they are like what the hell is this?

Quote from @Bill B.: Ask your lender if there’s a discount at 25 or 30% (assuming 20% is required.)It used to be “dumb” to put down more than required when rates were 3%. 

Some PMC handle it themselves inhouse.Most donot, but hires an attorney and send the bill to Landlord.It all depends on what is written in your PMC agreement.That is why it is very crutial to vet your PPC same as you vet your tenants when you are self managing .

I'm hoping someone can clarify these two questions for me regarding PA Senate Bill 1173  - which requires wholesalers to have a real estate salesperson license beginning in 2025 - https://www.legis.state.pa.us/cfdocs/legis/li/uconsCheck.cfm... 

When not allowed:-The entire outstanding balance including repairs, utility, unpaid bills and other charges and the outstanding rent for the lease duration is due immediately.XV.