We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

A lot of properties in Cleveland are so cheap compared to Vegas that you'll think every deal is amazing.

Any kind of non QM financing will have higher closing costs compared to conventional.

I might also compare it to other markets..like Austin or Phoenix..where property prices have been shifting (from what i read in CNBC) but still show growth potential.

I think the folks that pay for these programs have the wherewithal to simply cut a check and its no big expense to them compared to what they stand to get out of it. 

Account Closed Hi Rhonda, If honest I spent about $8,000, some say its a lot, (my parents did) some say its small when compared to many programs out there, either way I took a leap of faith and saw the potential it had for my future.  

Commercial properties can be lucrative, but the financing/underwriting required from lenders is generally more "conservative" relative to residential and usually have higher interest rates (unless you have a "rock star", long-term commercial tenant in place) and generally require more equity from the borrower compared to residential.

Hard to give up such a low mortgage rate, but in the end that's small potatoes compared to potential OOS problems.  

Things like your ADR, photo quality, current ratings, the number of reviews compared to your rating, and, of course, listing optimization (SEO).

Its pretty much a necessity as the loans are so large on average compared to other areas of the country..