It may cost more but the headaches it saves is more than worth the extra cost.

This was not like taking out a regular mortgage, There were all sorts of hoops to jump through and tons of extra paperwork to fill out but my Realtor and Lender made the process easy!

As you earn seniority you picking up extra legs to fly would provide more per hour of your time vs STR.

No problem right.So what do you do when you find out the borrower is in prison and the 17 year old daughter who is a junior in high school is living in the property and she is trying to find a place to live with a friend and needs an extra 3 weeks.

Thus, I advise all my clients to allocate some extra funds towards the month 18 re-amortization because you are not guaranteed to get the full 26% at year one.

We have spent a good chunk of our lives building up this portfolio, so I am being extra cautious with numbers as you can expect.Our rents are generally in the $1,400 to $2,000 a month range, and the street value is probably between $230k and $300k for the SFHs.

Make sure on the second home to.1 - Good neighborhood. 2- Three bedrooms, Two bathrooms  or larger. 3- Possible chance to ad on a extra room,,@ where patio is, or back of house?

I paid extra for exclusive leads, and the people are being contacted by 30 to 40 investors.  

Real Life: My client discovered that the PM company was $350 under market rent and allowed for an extra 2 weeks of turn time.

I made the mistake myself early on of canceling deals way to easily, now I expect extra costs.