Am I issued some sort of deed after 3 years of paying?

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

It’s insane trying to get some sort of funding via SBA Loan because some require either 25% of what you’re asking to borrow, collateral, x amount in assets…etc.

@James Wise  I knew you could contribute more than welcoming folks to the site  LOL.GREAT POST and DEAD ON PIONT.You just don't wake up one day and have all sorts of money thrown at you because you decided you want to jump in the RE game.. you MUST do some apprenticeship or however you want to couch it.

I bought a 3 bedroom house thinking to do the same but decided on spliting out one side of the house, sort of like two separate apts and it worked out great!

Now for me and I did this back in the Carter years when rates where 18 to 20% and we had to do all sorts of financing magic..

What sort of business do you use it for, and do you think you might choose something else if you had a different business area/model?

I’m sort of like a bank teller looking at an ID.

Maybe just some sort of "look how dumb those Yanks are" thing?

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!