Since he's a one person shop (along with a super), he refinanced his 3 million dollar property and the bank required him to hire a property management company. 

It might help you out if you're a hammer swinger type guy who can produce workmen like quality results versus homeowner DIY results.Someone who has been in this business for awhile , and brings a lot more knowledge , and contacts to the deal we'll have a lot better chance at performing a turn around on the property then to someone who is new and inexperienced. 

A lot of people are better at interviewing than job performance. 

The approval process is primarily based on the property’s cash flow, not you as the borrower, which can make it easier to qualify, especially if your rental property is performing wellAs far as terms, some lenders can go up to 85% LTV for rate term refis and aquisitions.

I give all the feedback and help for free.. they just have to perform..

A young guy I know bought a cute vintage camper, sprayed it black, cut a window in the side and built it out as a mobile coffee shop, which is now parked outside of events and staffed with college girls.

I do a ton of BRRRRs in my market so I refinance into DSCR loans which are slightly higher interest rate but it is solely based on the performance of the property. 

There are exceptions to this rule, but there are an abundance of examples that had investors not been prepared to perform might still be shopping..- Voice of reason: The 'best' real estate professionals are apparently the most honest.

I have 3 performing STR's in Central Florida and spend less than 3 hours week managing them.Now if you were to be an underwater welder with zero access to your phone for several hours a day, the solution is simple, you hire a manager!

My plan was to "self-perform" a land contract by filling out a purchase and sales agreement for a land contract that specifies I will take over the mortgage payments, get authorized on their mortgage, and be authorized essentially to fix up the property and eventually sell it on the MLS since the land contract will give me that control/equitable interest.