Just want to make sure it's ok to use the lease agreement since it says all rights reserved to bigger pockets.

2) seems to me(not confirmed) that the GPs failed to vett out & manage the performance of these hired companies properly & promptly.

Additionally, I have one savings account for reserves for all my properties, which I add to every month. 

If they pay late now as is, let's say they lose a job or have a temporary loss of income, you're kind of SOL.I would look to build reserves between now and August.

Your clients should focus on properties with significant equity potential and work with experienced contractors to stay within budget and timeline—especially with borrowed funds on the line.Avoiding Bad Deals - Encourage them to work with experienced agents, contractors, or mentors and always run multiple scenarios, including worst-case outcomes, to stress-test their numbers.Reserves - Advise your clients to keep a reserve fund separate from their loan for emergencies, unexpected expenses, or delays.

Hi Trevor,I work at a local property management company based in Kissimmee and we are seeing quite a bit of STR convert to LTR because of the lack of reservations they had this past year.

Originally posted by @Anthony Dooley:@Ali Boone Why would someone need cash reserves for vacancies or emergencies?

Since this four-plex is in my region, I will be the one taking care of maintenance and management while the investor won't have to worry about anything but to receive the money haha.Let's confirm a few things before you get questions from a bunch of other folks on the forum.How much of your own cash/equity are you planning to contribute/invest to this deal?

We work with an agent who specializes in leases and let her know of the properties we have available for MTR and she brings in a few reservations every year. 

However, no one at PennyMac was able to provide documentation nor were they able to confirm that our monthly payment would remain the same after transferring to the LLC.