We have two strs both rented carts but the security in our area will remove your ability to have a cart for 5 years if you get two tickets.the liability isnt much of anything - we use progressive or State farm.

Starting with cash is a great strategy, but I would still consider using leverage to stay liquid for emergencies, which provides financial security.

Our monthly operating expenses, including salaries for property manager, security,housekeeping, utilities, insurance/taxes range between $3500 - $4000 a month.

Are you talking about the vetting and lease up process or do you mean keeping track of tenant payments and security deposits?

They are Security America Mortgage and Capital City Bank.  

My tenant will be transferring security deposit into my business account.

Hi all,I have an ex-tenant that owes back rent and damages after they left that the security deposit doesn't cover.I read some forums here and am getting some mixed signals on the process of collecting debt.The way I read it is you can just go to a debt agency with in my case the signed lease and also the security deposit transmittal showing what's owed and the collections agency can legally take it from there.

Obviously you don’t want a vacancy over $40, especially with a $2,000 security deposit. 

If you're receiving any military pension or social security income, we can use that as qualifying income as well.

With proper preparation, inexperienced borrowers can successfully secure DSCR financing from a lender that doesn't require experience.