If they can't justify the charge immediately and specifically, then it's probably just a money grab.Remember: lower fees don't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

There will be no assessment for increase in taxes or insurance so remains at $1935.

I currently have a pre-tax retirement account with employer match and a Roth IRA invested in the stock market.

In lower-value areas like Sylmar, market values max out around $3.28 million, which results in a loss.The key takeaway?

Seller financed loans - See #2 above as typically seller financed have lower rates, longer terms and higher LTV.

@Iris Olivas Most local banks/credit unions can do this deal with lower fees and potentially rates than brokers.

How do you pay for the tax and insurance?

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

From there, it's easy enough to look up the tax rate for corporations and make your tax burden assumption.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).