Quote from @Fiona Brown: LOL @Chris SeveneyHe has picked who he wants to deal with So I thought I would ask as I cannot find ANY reviews... and I have picked mine :) Which is you LOL as I found heaps good reviews for youWe have a call with your associate tomorrow for my pick at 10 am Not sure who we speaking to as 2 people have emailed the times Katie KlezekToni Shackelfordok, I am blushing... 

To be honest I wanted to dissolve that LLC mostly because I didn't want to continue paying all the annual fees associated with it

HOA Dynamics: How has your experience been with condo associations in this type of asset?

What do you see as opportunities and threats? 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

@Kareem DanielsJoin a local real estate investors association and network to find a mentor. 

Nothing more needs to be done.Some MLS systems require the signed withdrawal or you can get fined as an agent.The MLS where he is talking about has zero power over this.He is using a form of the association of which Im the President-Elect.

Hey Daniel,A great way to start connecting with other investors is by attending RE events and joining a local investors association.

I hear appraisals associated with ADUs regularly in southern Ca and they are typically less than 50% of hands off cost.  

A majority of our MTR tenants are traveling healthcare professionals, many of whom are associated with Aya Healthcare.