For example, I have a main account that is for my holding company, sub-accounts for each property, and sub-sub accounts for security deposits and things like CapEx for each property.

Now that we have significant equity positions in renovated, stable properties, we want to move into even better neighborhoods with better schools and we'd like to scale our business by purchasing newer and larger multi-family properties (rather than groups of duplexes).

It was built in the 2010s and located in an established neighborhood with convenient access to schools, amenities, and major transportation routes.

I own a mortgage company and know PennyMac. 

@Anade DavisHi Anade, You’re on the right track with reaching out to your survey and engineering company—they often have strong connections to local contractors.

I asked the first lender which is a big company and they did not know.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Do they use a servicing company to make the payments directly to the , or do they make payments directly to the seller and hope they pass them on to the lender?

The schools in the area are really solid as well.

I started talking to him about the minimum amount to invest, since I didn't know him or his company and he initially asked for $2,000 usd.