When I said I get a 12% cash on cash return in Brandon, that's my net cash after paying property management, taxes and Insurance, mortgage AND putting money aside for a maintenance + Capex reserve.

I would still check on the availability and pricing of a secondary cleaner in the area though - always want to make sure mom can take a reservation or two off if schedules don't line up for some reason!

Making a larger down payment can improve your loan terms, but keeping some cash reserves is also crucial for unexpected expenses and future investments.

(www.choicecredit.net) and got results in less than 90 days.Worked with Private Funding to add to reserves and working captial as a "just in case" scenario to ensure I never ran out of funds (www.ladscapital.com)

Note do not do this for little items, reserve it for large expense items.  

Find a good insurance person that specializes in what you're looking to do and have them look at deals before you buy them, it's a crap shoot right now. 40% isn't too crazy for the exp ratio without mortgage or replacement reserves, I definitely wouldn't go below that.

My Vrbo account manager sent me this today:There are substantial cancellation fees if you initiate a cancellation.May of this year they also listed a temporary 7-day suspension of your listing.They really really don't want you cancelling a booking.If something comes up try to get the guest cancel the reservation.

@Jason BabosIf you have the capital for the down payment, and reserves set aside for the unknown, and willing to put in the work, then I don't see why you can't.Are you prepared from a business perspective is the more important question.

Hi Riyanka.While I reserve my top shelf contractor info for my clients, I'm happy to provide 3 hard money options. 1 warning- it's normal for most hard money lenders to quote a higher LTV upfront and then drop it, later, increasing your required cash in the 11th hour- so I recommend you pursue 2 at the same time.Ken Ketter, at the bottom, is the most LTV-stable hard money lender I've worked with in several years, but typically their loan money is dispersed/out- you may get lucky and they may have funds available.https://capitalfund1.com/https://www.hardmoneylendersarizona.com/Ken Ketter 928.853.5339If I can help with consulting in other ways, just holler. 

If they are not passive and are in fact active members of the general partner structure, then each lender will look at their specific criteria such as:Do you have credit, net worth, and reserves to meet their underwriting criteria?