Plus, it integrates seamlessly with accounting tools like QuickBooks, making bookkeeping much more straightforward.Whichever account you choose, look for one with no monthly fees, online banking, and features like automatic bill pay.

@JR Gonzalez, You can allocate the proceeds from your sale anyway you want. 

@Corby Goade I agree: paying a month for a professional pm to find someone to me is worth not only the time and effort but the cost.

I just closed on one for that last week and it appraised.Under contract at 223k with seller paying 5k in closing.The property needs 20k in repairs. 

Or they have it figured out and are going to cure via paying or modification etc etc. 

   #9  SWEETEN the POT:    Do not think that paying extra rent is going to entice owners to rent to you. 

You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1  Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.

The reverse mortgage company wants buyout and I dont have over 200k to pay out.

You are paying for it with a higher rate.

I never got the consultation, but was politely told my portfolio is probably too small to pay their annual fees (starts at $2500 and goes up).