We both have made compromises along the way.I think that’s completely right and one of the reasons you hear the horror stories about these things going sideways (there’s no established timeline for exit), it literally just goes until something breaks. figuring out the ownership structure, and thus the use/access, as well as the exit feels like the two biggest items to get extreme clarity around. 

They were talking about buying the property so in this real estate climate I figured it would be a good win.

If that is the case, are they using your actual rental rates to calculate the DSCR or the figures the appraiser determined?

I figure if I want to scale my portfolio I should spend at least some time property managing.

It all depends on the figures, but you have options.

No need to have it all figured out—just be open to learning.Your Situation: Losing a job is tough, but you’re smart to protect your credit and explore benefits.

Need help figuring out which one’s best for you?

Also, I'd be curious to see the underwriting of how you calculated the $2800 figure.

Site cleaning is consistently understated in rehab construction budgets.  Most rehabbers include only enough for initial demolition/cleanout, drywall scrap removal and end of project cleaning. Increasing your construc...

I figured if a house hasn't moved in 40 years it probably won't.