For that tenant class you will most likely have higher turnover rates so be sure to have the cash reserves to turn the unit.  8% management seems low.

We are at the top and you can probably put that money to use somewhere else.In my situation the HOA was sued by an investor for $150,000 and it totally drained the HOA reserves. 

They all have an undisclosed reserve price.

That's one of the reasons you should have cash reserves and/or not expand too quickly.

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Hey guys and gals,So I'm getting out of the service, transitioning to the reserves actually, if all goes well next year.

>> Rents seemed high to so I want to confirm that's what the current tenants are paying. 

Understand that the biggest thing that I tell people about BRRRR is the need to have some kind of liquidity for operating reserves.

Hey Chris,When it comes to lending you're going to need to understand what you want and where you stand.If your credit is good, income is consistent (2 years), income can support the properties, you have a strong DTI ratio, a strong down payment, good reserves, and finally pay your taxes, usually banks are the best way to go for lending.

Have you confirmed with the town?