**Interest-Only Options**: Some DSCR loans offer interest-only payment options, which can maximize cash flow in the early years of ownership, making it a great choice for investors focused on maintaining liquidity.5.

I am managing and maintaining 10 units currently and have been for a little over a year so I am starting to get a feel for things.

Austin is correct, a cost segregation can help you break down the depreciable basis of the property into personal property (5 year), land improvements (15 year), and buildings (if any such as clubhouses, laundry rooms, etc.).  

A Heloc is loan that can become a sore thumb if not used correctly and can hurt the property it's on and the users credit.If you are going to use the funds for a down payment then a Cash out refinance is what you want to do to get the cash in hand. 

Commit to spending less, paying off high interest credit cards, maintaining positive cash flow in your personal finances, and cleaning up your personal balance sheet.  

Here in Texas, the ones I had experience with, did not do much to maintain my properties. 

If your goal is to grow your LLC, consider arranging all of your properties under an agreement with your LLC to manage them & take all of the legal steps to ensure that the structure is correct. this may involve creating LLCs in the state(s) your LTRs are in to own the property and your PM LLC managing those properties, so that you don't have a concentration of all of your portfolio in one entity.

Overall we have vastly more “good” tenants, and the law allows you to get rid of the bad tenants and maintain a desirable place to live for the good tenants who you want to keep.High-maintenance <=> High-Return: Those prior two points drive what I meant when I said the cash flows and NOI should be about double what they are on a “vanilla” MF (multi-family) purchase at the same price point, but it can be a high-maintenance proposition to manage the screening on the front end, the day-to-day management issues, the more frequent turnover and vacancies, and the frequency of needed court filings to get the keys back from a tenant when somebody is not being a good neighbor to your other tenants in the lodging house.Bottom line: We think we were right on point five years ago when we identified that SROs fill a critical niche that is in extremely high demand.

Yes I paid for it and it cost me more than having to manage but I put a lot of value to time and family.You are also correct, depending on the type of property if investing in rentals, there are things that happen during the day that cannot wait until the weekend.

Is that correct?