Ask how many units they manage and how much experience they have.

Please stop asking us for "the best" zip codes to invest in.Detroit has around 183 Residential Neighborhoods - wouldn't it be nice if "some proprety mangagement company" Classified them all as A, B, C, or D on an interactive map that real estate investors could use to make better decisions?

I also provide small shampoo's and conditioners that I get in bulk from Amazon.It is hard to beat either for these kinds of supplies, even if you get a wholesaler to sell to you.

Final thought is to make sure switching lenders doesn't blow a contingency and sink the closing that way. 

Despite wanting to handle it a few other ways I reached a small cash settlement with him to drop it.

Quote from @Jaycee Greene: A few things I noticed, in addition to having the tenant pay the utilities are:1) Incorporate annual increases in rent higher than 2% (in your area, maybe 4%-5%) with a slightly smaller increase in operating expenses (say 2%-3%)2) With a gut rehab, I'm not sure why you need to spend $128/month on cap ex, at least for the first year or 2.3a) An 80% cash out refi is probably going to be hard to get.

@Jason MatthewsHi Jason, Welcome to the community. 

There is next to no privacy.Weddings that book venues of quality, which is how this home views right, of quality, these weddings are predominantly of a certain size threshold. 

This is not a one size fits all answer, but bad debt is non-asset based or depreciating assets - , credit cards, medical, buying dumb stuff.Good debt is debt used to make or grow your portfolio. 

We now are looking to create an LLC and setup the necessary legal documents to protect both parties and layout the terms of the agreement.