Once you stabilize the property with a tenant, you may explore a cash-out refinance to utilize the increased home value for additional renovations.

Unlike some people, I believe HOA is good costodian often finances, get volume discounts, do the effort of hiring contractors and maintain common space so in that regard I consider them a value. 

I utilized 7% for CAPEXand 7 % for maintenance given recent updates .Tenant pay for electricity and gas.

In my experience, when you rent by the room with shared common spaces, you end up with lower quality tenants and higher vacancy in the long run.

Hi Mary, not sure on Texas rules, I’m a HI lender and a second is very common with the assumables.

It's pretty common to find 2x more rental units available than homes for sale.   

how can I utilize my 6 houses and cross collateralize ?

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

I would love to connect with people in Northern New Jersey that are utilizing the Medium Term Rental strategy locally; specifically furnished rooms that are being rented. 

I'm getting ready to tackle my very first BRRRR and I wanted to see if the community could share some common mistakes to avoid?