Let’s say with your plan they make an extra $100 or $200 in fees and you lose $1000 or $2,000 in bookings.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

Even finding 1 is tough in todays market, let alone 3!

Property management companies and contractors are the people in your business who make or break you.I will send you a private message to refer you to a property management company that is doing good for me.Don't let the bad experience sway you away from real estate.

Now let's risk adjust. 

In Florida where I live that amount is the first $50,000 for a married couple are exempt.So to put all that into action, let's say the previous owner paid $100,000 for the property 20 years ago and lived in the property.  

Let them know that you're unhappy with them and see if the two of you can right the ship together and if not then self-manage or find a new PM.

Or, are you looking to invest for passive income and let someone else handle ownership and management? 

@Rosmery ThenGood morning, let me know if you still have questions about the process or contractors that could help you in this area.

I haven't seen any quads in our metro make more than $2k per unit (unless in 78704), let alone $7k, so not sure where those metrics come from.