@Theresa Rivard Typically, to qualify as a guarantor for a DSCR loan you will need to own at least 20% of the borrowing entity on title.

Read our copy & paste advice below on better screening for a PMC.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

It has a typical unfinished basement with a concrete floor and there shouldn't be any reason to go down there except to do your laundry. 

Typically these need now to be in a rated shaft and just not insulated. 

My name is DJ Shipley from Indiana, newly passionate about real estate investing for 4 months. 

Have you thought about what kind of investing you want to do? 

I don’t need the cash, but would it make more sense to cash out on the equity and invest that? 

Want to invest in REI and not work.4.  

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Target neighborhoods near Bradley University, research rents, join real estate investment groups, connect with local agents, use the 1% rule, prepare for financing, and seek advice on cash flow and property analysis.Good luck!