I would have about 50-60k to spare for all initial costs including down payment, repairs etc.

I'm looking for the cleanest & most visible way to access payment history, see amortization schedule, tax documents, etc- much like bank softwares provide. 

I just bought my sixth property and State Farm is telling me they have a limit of covering a maximum of six units for an individual. I’m just wondering if anyone knows of a carrier that doesn’t limit the number of pro...

TV shows and social media make it look like a fast track to financial freedom—but in reality, it's a tough game, especially in a market like Boston.Even if you have a down payment, you're likely using hard money loans at 10-12% interest for the purchase and rehab.

You’re definitely on the right track by planning to open separate bank accounts for each property and the holding company.

Promise to pay and not paying on time, freeze approved redemption without a reason and no follow up payment date is not the company I'd like to invest and have faith for. 

We have been around the bigger pockets community for over a decade now and have more 5 star reviews on bigger pockets than any company on this website in any industry (>270 5 Star reviews).

To be honest the monthly payment doesn't sound outrageous given the possible items covered, but who know without the accounting...and any buyer should want to see that accounting when you sell, so sort the issues out now. 

The numbers seem pretty fair.. 40k down, 900k asset,  all rented out, 7.5k GR with room to increase,  5.7k PITI, no balloon payment.

To take it a step further we have been taking loans from our 401K’s to help support down payments on rental properties.