This must be communicated up front because there are some lenders who have overlays.You can also buy the new primary after you take the cash out and use a DSCR loan program to buy another investment if you are worried about DTI as well.

You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.

And if you are subscribed to a monitoring plan that includes cellular backup, your Base Station will still communicate with our cellular connection back-up."

In fairness, that could be due to disruption from all of the construction.Our current PM has done a good job maintaining the property, but more and more I find myself having to get involved in day to day issues. 

I have a very diverse skill set - most importantly, good professional communication, process development, an financial literacy.

He apologized for the lack of communication.

It's now not a secret, and actually fairly expensive due to all of these benefits. 

I already had the spreadsheets built out fairly well and asked the coder to fill in the gaps I couldn’t figure out.

Personally, my philosophy is I am fair but firm.Regarding turnover times. 

How I have structured these in the past is if he is coming with all of the capital and you are handling everything else than a 50/50 split is fair.