I am a rental property investor but i hate making things complex and the last thing i wanted to do was create a separate bank account for each property..yikes.

In the Last 6 months, I have purchased my first 2 properties and my first 4 doors.

Year 1 is probably a loss though so that is something to consider.

A loan commitment letter carries more weight as it confirms lender approval, signaling a stronger ability to close.Addressing Closing Concerns: A commitment letter meaningfully reduces concerns, especially when paired with proof of equity and a track record of performance, even if on smaller deals.What Brokers Look For: Key factors are a reputable lender, clear terms in the commitment, and evidence of funds for equity and reserves.

Rookie real estate investor looking for some advice:I purchased a duplex in Grand Rapids, MI last October (2023).

Although I care less about my financial loss, what upsets me is their manipulative conducts.

With cast iron it's safer and can last longer.

Contrary to what everyone seems to be saying these days, a good agent is worth their weight in gold.

For instance, things like death, divorce, job loss, natural disasters, heath issues, etc may cause you to change your plans unexpectedly and may change what you do with your home as a result.

If even 1 tenant was not paying on time, it would report a loss.