@Tanner KingTo prepare for an FHA loan, ensure income stability and sufficient savings to cover down payment and closing costs.

The prospect primary job is in apartment property management, but that job doesn't cover our 3.5x income requirement, the prospect has picked up 2 additional jobs that were really recent like this month and last month and one of them is the one I'm currently talking here about.

Arv is about 800k so 75% should cover both and will remain cashflowing.

You can live in one unit and rent out the others (STR can help you save taxes), helping to cover the mortgage.

This does not even cover more costs to keep improving and adding to the software.

The neighbor A had a conversation with tenant and the tenant said their renter insurance won’t cover it due to the act of God.

However, the property taxes increases in my area and now the rent no longer covers the mortgage.

Since the Utility Bill will change each month, each tenant's portion will also change each month....Easy Example: Say we manage a 2 family with 6 tenants/residents in total: 4 people living upstairs in Unit 2,  and 2 people living downstairs in Unit 1:  If January's water bill for the whole building is $100, then February's Rent for Top Floor Unit 2 would have an extra $100 x 4/6th (or 2/3 rds) added on = $66.66February's Rent for Bottom Floor Unit 1 would have an extra $100 x 2/6th (or 1/3 rds) added on = $33.33I always send each Tenant a copy of the entire building's Water bill, plus a cover page with a detailed explanation of the billing-breakdown.Make sense?

When a number of tenants fell behind or didn't pay the rents, she defaulted on over 20 of them because she had no funds of her own to cover it.

It covers everything relevant for 2-10ish units.