We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Understanding Commercial LoansProperties with 5 or more units typically fall under commercial real estate loans, which have different requirements compared to residential loans.Requirements for a Commercial LoanCreditworthiness: Both your personal and business credit scores will be considered.Down Payment: Typically, 20-30% down payment is required.Debt Service Coverage Ratio (DSCR): Lenders will assess the property's income relative to the debt payments.

Terms: Compare loan terms (15 vs. 30 years) to see how they affect payments.Consider refinancing the condos or a HELOC on the 3-plex to access equity.

The missing element/data point here is the market rents in the area and how your units compare to the market.

But it helps them compare to nicer comps.

From your experience, how do you weigh the pros and cons of investing in Texas compared to where you live?

Write THAT number down, call it YStep 3:Compare those two numbers.Hector be very honest for a second.

Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept).

(considering the longevity of the foundation, NO comparable, etc.) 

I have spent a lot of time comparing different homes and reviewing crime maps of the area, etc. but I feel I'm wasting a lot of time looking in D class areas which I'd like to avoid.