Expenses sound high, but 6 1/4% plus appreciation for doing nothing, sounds good to me.Does anyone else in this group have a condo hotel? 

In addition, somebody else is paying off your mortgage and the property can be a good tax write-off (consult with a professional).

You need to demonstrate you are worth the risk.If I were to invest in someone else's deal, I would want to see their track record.

Just curious if anyone else on here had a relatable situation with a lender and what the terms looked like for them.

Checking property tax records is a good idea—frequent turnover might indicate investor issues, but it’s not a dealbreaker if everything else checks out.

I'd like to add that for anyone else wanting an to convert their primary property one day build good relationships with your neighbors in the mean time.

It's great you want to optimize your property management on your first two, but you should also optimize the properties themselves before looking to buy anything else.

At one time they were trying to figure out how  to finance a $10,000,000 roofing and siding project but got bogged down with attorneys and all the mess that goes along with a project that size.

Just cause you hear sex offender dont mean that he goes around messing with kids.

Maybe I need to budget more for tenant default, vacancy, maintenance, or something else.