They charge 15% reservation fee for a complete management or $150 monthly if you do place bookings and they do coordinate maintenance, inventory, cleanings, front desk, admin stuff, and etc. 

Banks usually like to have their loans secured by assets such as RE, equipment/inventory, or other tangible things.Hope this helps.

@Robert WestenbergerIf I were in your shoes, I would focus on multi-family homes, single-family homes with ADUs, or live-in flips, and explore financing options like FHA loans, conventional loans, or first-time buyer programs.

There's a high multifamily inventory in Essex, Passaic, and Hudson counties.

@Tom StevensonHELOC money is extremely expensive - if you buy something that is 100% financed, either entirely with the proceeds from the HELOC, or with HELOC money for the down payment and a conventional loan, you will lose money.

They started the business from scratch in 2003 with a combination of wholesaling, fix-and-flips, and non-conventional financing sources like private lending, seller financing, and lease options—which remains their expertise today.If you had one question for a professional real estate investor who retired themselves by 37, what would it be??

The property manager we work with offers reasonable rates for this service and will take care of inventory management, leasing, maintenance, and overall property management.Always buy a property that would also be a good long-term rental.

In cities with significant and sustained population growth, rents and prices will rise faster than inflation, enabling financial freedom.Conversely, rents and prices rise slowly in cities with static or declining populations because the current housing inventory is sufficient.

Quote from @Isabella Romano: I am looking to buy a new property and am running into issues getting qualified for conventional loaning due to high DTI.

How is the small multifamily inventory compared to larger multifamily there?