Your lender probably cannot sell a non owner occupied loan to GSE's right now so they implemented a prepay penalty in a backwards way by requiring the floor of their rate sheet to be two points.

✔️Purchase Price: $1.36MM✔️All capex will be included in a bridge loan✔️Will refinance into FreddieHere’s our plan:✅ Pave the parking lot✅ Build 3 additional units to utilize unused space✅ Perform light interior upgrades and bring rents up to market✅ Implement a flat fee for utilities ✅ Improve outside landscaping✅ Engage a professional property management company team to improve inefficiencies “The path to success is to take massive, determined action.” - Tony Robbins 🔥

You can implement idle fees and/or open it up to non-residents as well, making the charging station more than just a revenue stream from current tenants.

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All tenants are month-month on leases, so in most states it wouldn't be that hard to turn the rental units.With the passing of AB 1482 in CA implementing statewide rent control starting Jan 1 2020, it seems there are some major limitations with what you can do with rent and tenants.

By me implementing these processes, it has pretty much made the moving of money between tenant rent payments, mortgage payments and vendor payments pretty seamless and hands off. 

Instead, you can leave tenants in place and update units as you go, which will allow you to implement your business plan overtime. 

If you're maxed out and get caught offsides then its game over but if you have a plan BEFORE the storm then you can implement DURING the storm.

Hello BP,I'm wondering if there are any agents out there that have implemented manychat via facebook ads.

Hello everyone,I’m a fairly new investor but want to implement systems now so I can avoid the headaches later.