If you have multiple properties, move the locks from one to other during turnovers.

@Chris Watkins and I also teach a "New Investor Series", our third class for how to scale up to multiple properties is in November.

If you find a lender/mortgage broker that communicates very well and in a very time efficient manner start there to see if they have a product that works.Most of the lenders we have worked with in the past we have done multiple loans with.

Their income can be impacted because they often need a price point that is competitive with a hotel room.  

They’re likely filling out multiple forms like this, and if yours is cumbersome, they’ll move on.

Below is a comparison of Texas and Nevada.Sources for insurance and property taxes: Insurance - ValuePenguin, State Property Tax Rates - Rocket Mortgage.In order to demonstrate the impact of taxes and insurance on net rental income, I compared the overhead costs of a $400,000 property in Texas and Nevada.

Would you stick with the bank  (have kept the communication going with my contact on what i'm working on, high level is 25% in, 9% rate amoritzed 15 currently but I think they would do 20 and also includes construction phase but not sure yet on when it would switch to p&i) and go that route or would bringing in a cash partner (friend/family, have multiple people interested) be something to consider?

For those unfamiliar, it’s where multiple investors co-own a property, outsource property management & share rental income and appreciation.For those with experience, I’d love to hear your thoughts:What’s worked best for you?

I have 1 that does alot of work for me over multiple properties.

Especially with college students, some being their first home ever, we need to go over rules and regulations multiple times.