Might be good to do quarterly for new tenants, but annual once you feel comfortable they are respecting your rules and the property.

We structured the deal, so that the interest rate and monthly payments were graduated and rose annually based on projected rent increases.

The course was $400 plus around $200 for other incidentals and the state test.Costs to maintain license isn't cheap: Broker - $65 per month...Realtor Board annual dues - $400...Quarterly MLS dues - $109...EKey Services (about $100 for setup) and $205 per year....so broken down monthly you are looking at - $151/month.

You'll pay them a % on the funds usually an apr(annual percentage rate transactional lending is typically used for a very short time frame, maybe 1 day.

As currently structured, the annual interest would exceed $600.

Divided by (desired annual return).

We just did that instead and saved the headache and expense of everything else they wanted us to do.After removing the PMI, I figured it was similar to investing the money at an annual 6.7% rate.

One you have a tenant in, do you do an annual inspection of the interior?

This assumes your credit is sufficient to make sure you can utilize conventional financing effectively otherwise FHA for the primary home will allow the most leverage at 96.5% loan however FHA adds 1.75% of your loan that gets financed into your loan and an additional 1.35% annual mortgage insurance.

The way I see it on the long term side, if I paid 8% annually or $11,200 , my taxes are $8,000 , I should still have a positive cashflow of close to $1000 per property.