Better to have your own property manager use trusted handymen to take care of the issues for long term/quality fixes. 

Patience can be your best friend and if you attempt to over leverage a property it can come back to hurt you.Some will recommend buying subject 2 where you could take over an existing mortgage that could be at a substantially lower rate - but if the lender finds out and calls the loan that could also be very bad.

The paperwork isn't too bad, at least here in Texas.

If some bad news hits a city (crime, company shutting down) we can have mail to them the next day, with the mail piece being relevant to that news story. 

I hate to be the bearer of bad news, but such P/E levels are not sustainable and be considered an expansionary or growth cycle.This does not mean a hard crash is imminent, but it does mean the dollar will be significantly weaker for certain just how it gets there is anyone's guess. 

Long story short, I am in a bad financial condition as of recently.

It’s also important to remember that allowing partial payments without a plan can set a bad precedent, so it’s best to handle this firmly but professionally.For the future, collecting the first month’s rent in full before move-in can help avoid situations like this.

I can refute your reputation, I can refute you who you fundraise from, I cannot refute a truly quality deal.

They aren't the best when it comes to DSCR loans, but that isn't to say their DSCR program is bad.

To better equip myself, I also plan to start by getting a real estate license here in Illinois.