@Tyler HahnIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING. our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

Hey Everyone,I own a duplex in San Pedro, California, and I’m trying to confirm how much I can legally raise the rent.

If you use up almost all of the 30 k in the down payment you may not have enough reserves in case of emergency.

Further, it's always a good idea to do due diligence into the association itself to make sure it has adequate reserves in case of any large future expenditures.

Also, it’s worth confirming if any particular lender requires the policy to have accumulated a certain amount of cash value before offering a line of credit.

He posted a question, similar to yours, He said he had 180k in liquid cash and he was looking to buy some 8 unit property where his entire 180k in capital plus more for all the closing costs and interest reserve and transfer taxes and the whole nine it would be near 200k. 

My only reservation is the higher interest rates on these particular loan products vs regular residential mortgages.

I positioned mine near Case Western Reserve University and the hospital system, and that has been a major advantage.

Did you complete any moisture tests to confirm there's no mold growth?

I looked into it a few years back and decided it was too risky for me.You can go terribly wrong if you think you can do 30 or 40 such deals with money down and/or cash reserves.