I actually think they earn what they charge, and that is after some substantial reflection and hearing all the horror stories of other folks PM relationships.    

So per your policy, you deny, even though that history has no real reflection on this person now as a tenant.

It includes all major assets & liabs, inc some pers prop that has value (or is individually insured) & I would consider selling to fund new found opportunities or if there was a major emergency requiring a change in budgeting/liquidity.My PBS is currently three pages long, broken into sections w/ sub totals to assist in analysis:AssetsReal Prop (Assessed, Purchase/Rent data, 2-3 free online providers like Redfin, then averaged.)Personal Property (Cars, Art, Hard Assets, things not in an account or "foggy" daily market value)Cash Accounts (ie funds w/ access not limited by age, Banks, Brokerages, CVLI, prepaid taxes,large pending incomes like insurance settlements & reimbursements owed to me.)MineSpouseCo-AccountsRetirement Accounts (or anything where access to the value is age restricted)MineSpouseBusiness 1 (Net number carried over from separate business records)Business 2 (List as needed)Liabilities (Would section these out too if I had enough to justify it)Listed in order of assets above if tied to such, mortgages, HELOC, etc.General liabilities listed next, largest to smallest.Net Worth CalculationThen I include several lines of totals; subtotal of amount available for conversion to REI, ratios & simple measures like mo / mo & trailing 12 mo avg % & $ return.My FI goal is over the long term to average at least 1% mo / mo gain in net worth.I have found this to be best for me for several reasons:I have a hard time visualizing a set $ amount as a goal because my amount required to retire would then seem too big to tackle.

If we must pay water, or gas, price must reflect discount to meet $200 door free cash flow.

@Reggie Burnett Having gone through all the options you've mentioned i think your best option is using your home Equity for the deal.If you need help securing a loan using the Equity on your Home i can assist you with that just let me know.

I'm maxed out DTI wise, so buying another property the traditional way (via a bank) will no longer be an option until my tax return reflects my income.

Feel free to reach out to me and I will assist any way I can, including recommending a contractor for a second quote.Thanks,Solomon

Building a local team is important, always happy to assist.

Building a local team is important, always happy to assist.

Through experience, I've learned which listings reflect greater accuracy and accountability, and now am able to confidently book without the personal visit.