I have two phones, one for business and one for personal.

Perhaps you have coverage for the replacement value BUT the insurance company when calculating the replacement property uses modern building materials like drywall but your original house had plaster which is much more expensive.

From a personal standpoint I target 70% LTV for any investment I have that way gives me ability to sell it if I need too

Starting with house hacking is a smart move, especially in a higher-cost area.

It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.

@Alvin Sylvain I agree the emotional support animals are B.S. but they are legal and we have to abide by the law.If the animal is an ESA, you are allowed to ask if the person is disabled and what service the animal provides.

It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.

Apparently, the person I am under contract with was managing the estate of the actual owner who recently died.  

Personally, I find BTRs to be more predictable with fewer ongoing maintenance issues, and they tend to attract high-quality tenants.

Personal criteria, building criteria and area criteria will all affect the way a deal appears on paper. two 100 unit apartment complexes, one in an A area and one in a C+ area will have very different financial breakdowns and interest groups.Want to know if a deal is good (for you)?