Its super high, based on my assessments this year, its very difficult to get a  positive cash flow property in most cases (some states may have it).

My personal debt is pretty low, and I still had a very difficult time finding a bank that would work with me. 

The age of the housing stock coupled with the inexperience of a student tenant might make it difficult to keep up with maintenance without a strong property manager.

Or if they want a high-interest rate, and your numbers will not work at that interest rate, or if they really want a crazy high price where it will be difficult to cash flow and refinance in the future.

We have started including disclaimers to property owners when dealing with water penetration especially on interior walls that can come in from the roof, the siding, windows, doors, etc.Generally if you're not happy with your PM you should trust your gut and try out someone else, but also keep in mind 2023 and 2024 to date have been the most difficult leasing years in the last 10 years nationally and especially in Philadelphia.

If we are just helping the owner with finding a tenant than we enter into a 6 month agreement as the owners tend to be a little more difficult and picky with tenant selection.

It's very difficult to keep up with the changing laws and this is why I'm an avid member of NARPM and I wish every PM was.

Physical products are difficult to make efficient!

I live out of the country though so it makes things difficult.

Have you dealt with a similar situation where you needed to have that difficult conversation with the mortgage company?