A couple months of vacancy, a soft rental economy, or a major expense could eat up your equity.

You can pull from the account and have it in your property's account within a couple of days if need be. 

Labor/material are going to be different and need to factor that in4) new roof, new HVAC, new water heater, ac panel, replacing plumbing to PVCThese are very variable, if you are getting this from a licensed guy to do it and unlicensed.. is it a big shop or a local shop doing it, is the GC doing it they will put some money on the top so it will be more money5) framing (creating new bedrooms or baths)I would get all these quoted from a good couple of licensed guys and unlicensed to know your numbers to cents

Quote from @Michael Izbotsky: @Ashish Acharya My SMLLC was created after we married, so couldn't that argument carry over that the LLC is "owned equally by both spouses"?

A couple of my clients bought land in Georgetown three years ago when no one paid attention to it; now, they're sitting on equity gains of nearly 40%.

With that being said, I probably only deny a couple of requests per year and the vast majority of guests are great!

Before you decide to pull the trigger with any Bank/Lender make sure the they are well versed in DSCR guide lines and close more than a couple a month. 

If possible as others have said, go to a couple of meet-ups in the area you want to invest in.

Doing this (renting both entire house and single bedroom rental) allows us to be able to tap into 2 separate target audiences and accomodate those singer travelers, couples coming to the area that would normally scroll past our listing due to size/cost. 

Good Morning AllI am still working on transitioning from an active real estate investor ( SFR portfolio ) to passive investing.I have invested in one MF syndication with Vanamor in California.I flew down and met with the principal and toured the property and a numbe r of comps.Bobby was great and I am hopeful that it will turn out great.Now I have to place more $$ in January and was hoping to get feedback from members on a couple of syndicators.1,Sunrise Capital Investors  (Kevin Bupp ).Mobil Home Park funds.2.