Rates right now aren't great so you won't benefit much from a refi but Sam can take a look and possibly suggest changes to make so that when rates do come down you are in a position for refi

If it continues to perform this well we don't see the need to hire an appointment setter... saves a ton of headache as the position is definitely high turnover.Do y'all think a mortgage brokerage, hard money lender, or wholesaling company could benefit from a system like this?

Two able-bodied adults who make life choices that result in eviction, but the landlord should feel sorry for them? 

Sounds great .Good to know that you had a positive experience with him!

This will strengthen your position when discussing the property's value.### 2.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

Let me know if you have any questions...there are so many nuances when it comes to lending guidelines, getting the best terms, and setting yourself up in the best position possible for properties 2,3,4 and beyond as you build your empire. 

You're in a great position to house hack.

Tenants told me seller had tried to sell to investors before but after meth test came back positive they were going to drop the price significantly. 

The other thing I use for savings is my cash position in my taxable brokerage account which right now is getting 4.5% interest.