I'd insist that he find a non-related handyman or change PM's.I agree a huge red flag to me is 24 hours of labor.

If the loan amount you are looking for is small relative to the value of the first and the second property combined, they are very well secured on a LTV%; ask for a 1% point lower rate.If you don't want to Cross Collateralize, do you have any CD's or MM you can transfer to this bank as collateral. 

@Zach Howard there is no agreed upon Classification in the 1-4 unit market.We've done our best to logically create a system for our market, mostly based upon relative sale prices, but also using crime rates, rents, occupant income and a few other variables. 

With that being said, and to be transparent, I have had a harder time finding investing partners on the last property I bought in La Fortuna which I think is related to the change in the economy.  

I went to an event recently & it was so much worse than just than 7 years ago (might be related that Jonathon was his top coach then & trained the other coaches & now Jonathon is not there).McCall is a complete waste of money. 

(Especially a 2-4 unit.)Do they have friends/relatives/co-workers that would rent rooms from them if they bought a property to show more income?

In our experience, things move in ebbs and flows and the speed of rental depends on your asking rents relative to competition.For example, there was a period of several months at one of our properties when a 3 or 4 BR unit came on the market it rented almost instantly. 

De nada 😎I don't know that market at all (FYI, I don't see this is other Midwest markets where my CFO clients buy properties), but I suspect it's related to perhaps the international investors that agent may work with...they are often cash buyers as it's very difficult to borrow here if you're not a U.S. citizen.

You need someone to sit down and evaluate the entity from that standpoint, not just as it relates to income from the property after you got married (and Congrats on the recent wedding!)

.: Hi Everyone,I am relatively new to rental properties and currently own 3 single family properties as rentals.