Then, if you guys all want to be close but not under the same roof (which is what you describe), find some area where you can buy the house you want (and can afford on your own, independent of them) and they can use the proceeds from their house to buy or rent something that works for them.

As for his expensive vehicle, keep in mind that anyone can buy a car like that...it doesn't mean they can afford it.

The lender is looking at my next purchase and using a rent schedule to determine if the property will have positive cash flow; not using my DTI to determine if I can "afford" the property.

If that's the case, that will likely cost you more than a conventional loan so if you can't afford a conventional loan then it's not likely you'll be able to afford to use hard money.

Such a great part of the city and it's unbelievable how affordable these neighborhoods are in such a large urban setting, by national standards at least.

In other words, invest only half of what you can comfortably afford.

Hitting them as often as you can afford but no more than once every 60 days.you will pay about $.07 a name and about $1 per letter.

So to answer your question, it really depends on the rental market and how the tenant is paying and if they are stable enough to afford the increase.

We are now at the point where we need a good recommendation for an affordable property management company that communicates properly with an out of state landlord and will not take advantage of that situation.Thanks in advance for any help.Brian Rhodes

It's just been my experience that that route is a long, expensive and frustrating one.Coaching is an investment.