They’re asset-based, meaning the loan is secured by the property itself, and they often have quicker approval times but higher interest rates (think 10–15%) and fees.

The appearance of these conflicts is the exact reason we have chosen not to set up a separate maintenance company.4) As others have said some of these might be security deposit issues.Best,Rick  

That’s something I’m still fine-tuning as I explore new areas.As for scaling up, my focus right now is on leveraging tax-efficient strategies and building a system of limited liability companies (LLCs) to keep risk compartmentalized.

With that being said I'll obviously be focusing on out of state.I know Ohio is mentioned a lot around here, specifically Columbus, and I'm an Ohio State alum, so that would be pretty cool to secure my first property in Ohio.

Be sure to follow all formalities, such as sending via certified mail if required.Transfer Rent Payments: Notify tenants in writing that rent payments should be made to the new property management company moving forward.

Unfortunately, the septic company is taking their time, and I’m still waiting for the replacement to be completed.

House hacking is an excellent strategy, especially with the potential to use an FHA loan to secure a property with a low down payment. 

How difficult or easy has it been to get tenants secured in that area?

- We have 5 to choose from, depending on the property and feedback.On another note, what is your PMC doing to secure the property against squatters and theft of mechanicals?

To set the stage, I'm owner of a short-term rental property in the Poconos in PA and we use a property management company for bookings, maintenance/cleaning, guest management, etc.This past weekend we had a guest booking but when the guests arrived Friday evening the house had no running water, though it had been running fine earlier in the day when the Property manager (PM) was at the house to give a final check and leave the welcome packet.