I haven't bought home warranties personally but from what I've heard, this seems to be a common experience. 

In the event of a true disaster, just know you can't keep yourself whole.Basically, you're participating to save on pennies--via a normal insurance process--and to keep yourself exposed to any fat tails event. 

Also, there are common domestic hot water tanks (gas paid by the owner), and a single gas meter so all tenants' cooking gas is paid by the owner as well.

Is this scenario common in Multifamily real estate? 

There are a lot of different ways to start investing, so trimming the fat on the direction is a great beginning. 

Common for tenants to ask for rate reduction, rare owners give it.I suggest you do everything you can to keep the tenants if you can. 

Hi Daniel,It is more common for the property to be under LLC for DSCR refinance, but this does not have to be the case. 

Would love to share my experience  Hey Carla, looks like we share a common background.

DSCR will probably need to be around 1.1-1.2 at a minimum, and 70-75% LTV is common depending on credit.Hopefully that helps a bit, feel free to connect if you have any questions!

I've recently had the roof replaced and fully updated the common areas.Here's a breakdown of the situation: The units are currently marketed as furnished rentals (cashflow well), and based on the current income of the 4 units I own, I anticipate that all 6 units combined will gross $182,400 annually.