Having a backup plan, such as a HELOC or alternative financing options, could provide added flexibility.With loans spread across 19 single-family homes, consolidating into a portfolio loan might simplify management and offer greater long-term stability.

I manage around 400 rentals with 14 years of experience and have never been sued once.

Many of these homes in the midwest can be old, and have deferred maintenance and the management of these assets (ie. handling Detroit winters) is often where the deal is made or missed.

Are you looking to have a team manage these properties? 

The company also disclosed Dell Family Office Management, the family office of Dell Technologies Inc. founder and CEO Michael Dell, as a new investor."

Networking with local investors, agents, and property managers will be key to your success.

Reach out to Lisa Loesel at Short & Suite Management here in Milwaukee. 

The project manager refers me to the “packet” any time I have a question.  

I worked exclusively in STVR property management on the island and currently work in long-term property management servicing the West Metro (Minneapolis).

Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details: After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.