Thus far, it looks like most hard money lenders are charging between 4 and 10 points...wondering if others have had any luck in getting lower points...If points are non=negotiable, I'd likely borrow the minimum and use my cash on hand to keep financing costs in check.Other items to note include we have excellent credit and have a large amount of equity in our home of 10+ years.

The Turnkeys I have looked at charge quite a bit more to be in the areas I am in but your overall cash input would be less because you would not have to pay for the rehab in cash.

Also, you can review the listings that you find to see you can get away with charging additional for the cleaning that will be required between each visitor to cover that.Finally, be sure to check the HOA's for the condo, usually condo's in resort areas have no "less than 30 day rental restrictions" in the bylaws, but most condo's in the city specifically forbid it.A lost note of caution is if the area is only good for skiing - one poor snow year and poof your profit goes away with the sunshine...

I told my manager proceed with eviction + bogus heat service bill + late rent charge+after judgement; proceed with collection agency.I understand all this have cost & I probably will never see my money back.But if I let the tenant stay without them repaying late rent, eviction cost & bogus heat maintenance call.

They charge anywhere from $35 to $199 per year for this service, but if you have a regular attorney, they will often serve as your registered agent at no charge.

Individual repairs, rents collected and other expenses were charged against the ‘unit’ that occurred the expense.Property 1: Unit 1 – Cashflow ROI = 15.42%Property 1: Unit 2 – Cashflow ROI = 13.08%Property 2: Unit 1 – Cashflow ROI = 21.80%Property 2: Unit 2 – Cashflow ROI = 3.56%Property 1 I acquired in 2011 and took care of some maintenance as necessary early on, so I’m glad to see they both performed consistently this year.

Talk about doing the Due Diligence.http://www.miamiherald.com/2014/01/07/3856439/2-charged-in-3-county-fla-rental.html

If I were paying a PM that would manage a 3% property the same way as a 1% property and charge the same percentage, I'd go after a lot more 3% properties.

The land trust keeps anyone from attaching the property for his personal debts, as well as puts a third party in charge of signing over docs so neither of you can do stuff without the other.

They should be getting charged at least another $150 on top of what they are paying for the house they have.