This is my first Brrrr I'd start the process to get the appraisal ordered and try to get a tenant in there before closing on the refi, otherwise the lender may lower the max LTV

My business partner and I just opened up our property managment company in the Chicago/Chicagoland area and it is not easy to do this the "right way".Honestly you can get yourself into some serious trouble if something happened with a tenant, an injury, anything and they sue and find out you don't have a license.

It’s true that many property management companies are now incorporating tenant benefit packages as part of their offerings.

Most HOAs in this area don't allow short term rentals, only long term tenants. 3) Make sure you have a great team to guide the transaction so nothing gets missed!

It's even worse for landlords "The company is also asking for rate hikes of 38% for rental dwellings and 15% for tenants, with the rates taking effect May 1."

In Houston, you can either invest locally or explore strong Texas markets like San Antonio (affordable duplexes, strong job market), DFW suburbs (duplex-friendly zoning, growing economy), or Houston suburbs (Spring, Cypress, The Woodlands for good schools and tenant demand).

And in contrast, COMPLETING, keyword completing, a NEW Tenant Placement brings about 1 full month's rent, for the tenant placement fee. 

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

Bad tenants and squatters are wholly different situations.

1) Renting garage units2) Additional Pet Fees3) Adding flooring insulation in the upper unit led to improved efficiency and sound reduction for lower tenants.