One of the reasons I asked the question is that it seems strange to me that a property management wouldn’t take anything upfront if they inherited a house that wasn’t ready for rent .Our property management also does the cleaning ( deep clean over 4 days was $1000 but they had to deal with some nasty pet hair , fleas etc)and that included some cover up paint etc .One lesson learned here is every contract with owner : property management varied greatly it seems from what is needed .But moving forward - I feel that $500 a month on a $2100 a month property is too high once it’s rented - unless endless problems persist of course ..thanks for your insight!

My mentor helped ALOT with advice, helping me stage she used to be a fashion designer in NYC (where I'm originally from) and is now both an Airbnb arbitrage investor and a real estate agent where she personally stages all her properties that she sells or Airbnbs.

Originally posted by @Henry Li:@Brent Olsen@Bob MaleckiI just invested 10k the minimum to test it  out.

Originally posted by @Cara Lonsdale:@Tony Nguyen  Would love a copy of your syndication pitch book to compare it to the one we have. 

They end up dumping more money into a sinking deal in hopes they can save their original investment.I think it's important to look at the quality of the syndicator.

Look back to world's fair in the 60's, countless hair-brained crazy head-in-the-cloud's ideas of true creativity that foster into real innovations.

However, you will have PMI for life of loan most likely and there are usually higher premiums to originate FHA loan.

So I am military, originally out of CA so it's my "home state"/residency but very easy for me to change as I am stationed out of CA and have been for a long time.I own several properties in CA and one in WA.

Starting a hard money lending company makes sense to me since I have hundreds of contacts in this business that I've built relationships for years, as well as it aligns with my origination background. 

Quote from @Jeff Chisum: If a DSCR originator (keep in mind you don’t need a mortgage license to originate) tells you the loan will not be reported on your personal credit but require you to be a personal guarantor your next request should be; “I want to see in writing it will not be reported on my personal credit”.