My business partner provided the upfront cash for the down payment, and we used hard money to cover the remainder and the rehab costs.

Since you are using an FHA I’m going to make an assumption that you are putting a very low down payment on the purchase.

* When do you make owner payments?

For the experienced cohosts in the group, I’d love to get your thoughts on payment processing options for cohosting companies (LLCs) that position themselves as property management companies but operate without a broker’s license.As an investor and soon-to-be STR entrepreneur, my business will initially focus on managing a small portfolio of vacation rentals with plans to scale. 

I have STR investors in Florida making 25% cash on cash returns, long term rental investors picking up properties directly off the MLS and cash flowing day 1 in various states, and house hackers completely removing their housing payment from the picture allowing them to save for for the next property.The beautiful thing about real estate is there are so many ways to succeed and a plethora of strategies depending on your comfort level and how active you want to be.

A little update with the bank, they are now telling me that they aren't even going to consider a settlement or a short sale unless the past due 14 contractual payments (around 8-10k) are paid.

I have never missed a monthly payment. 

Hi all! Do most Lenders require 20% down on a land purchase? I've spoken with Vystar Credit Union, AgSouth and Navy Federal. They all stated 20% is needed. So I was just wondering if its the industry standard for that...

We are not talking about a payment portal for a PM where as long as it processes, it's fine.

We have not disabled ours or converted to gas, but Tenant must sign a Fireplace Addendum stating if they use it, we require a higher renter's liability policy with us as additional insured, rules on wood, storage, use, safety, they pay for yearly professional cleaning each year they are there, etc.