Some accuse them of being a ponzi scheme & I've heard that the property management arm lost their license.......Don't know what all is or isn't true.

A local credit union quoted me20% down, 5.75%, 25 yr AM with 15 year balloon but 5 year ARM for a 14 unit I have under LOI.Seems to be the most competitive offer I have so far in terms of financing

ask for last 3 years bank statements, signed estoppel statements, and/or a signed purchase agreement that explicitly indicates the gross and/or net income of the park is true and accurate. 

I guess I will learn as I go, as long as my mistakes don’t cost me a arm and a leg I will be fine lol XD

Texas A&M And University Of Oklahoma Luxury Dorms Stumble Amid Sticker ShockParents seeming to be balking at the $1000 Month Dorm Room Rates For Luxury Dorms. Debtholders get larger piece of the pie to continue fu...

Everything needs to be done at "arms length" for it to be on the up-and-up. 

In 2008 new investors felt the squeeze when Balloons, ARMs second mortgages exploded, lockstep with rising interest rates.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

You may find many property management companies are found as arms of real estate brokerages.I did my own management for a while early on when I had only a couple of places and it was nice to learn what the day to day challenges were.

Also, if you are willing, you will likely get a MUCH better ARM rate on a jumbo with big banks (i.e.