At this point (the starting point) in my career, learning the ropes through experience and quality mentorship is more important than anything else - even money.

I also do not like lenders saying they will use a seller credit to reduce the loan amount as that does nothing for me.I want a seller credit where I have the reserves to pull from and make quality repairs to the property.Lot's of sellers are selling on bubble numbers the last few years ( 4% rent growth, 35% opex, 3% vacancy).

FHLB 5 year rate is 3.08+2.25 spread (YMMV but it will be similar method of computing rate) so at least 5.4% I'd bake in 6 to be safe as these can take a while to close.loan fees--call it 12KClosing costs will be a lot more than 3K--you need an appraisal at least at 1500 and maybe more, you will need the partnership agreement drafted (welcome to lawyer land!)

Hey guys - I will be signing new tenants for my newly-renovated property and I am wondering if anyone has any AWESOME rent receipts, or methods for proof of payment for a Ledger that I can document?

Just wanted to re-ignite this thread.. has anyone worked with any quality property management companies in / around the Boston area?

Since I'm not seeing quality construction in the picture, please check for those.

The lower quality the asset the tougher the tenants are.

Spend every cent you can spare on things that will get you quality leads.Grow your buyers list.Get a websiteplace craigslist ads to harvest cash buyers,Write good conversion oriented content on your site.

There is nothing wrong with putting in basic finishes that provide adequate quality of life to tenants. if you go to large apartment complexes, this is what most of the middle of the road ones do. if you do it in a home, you will probably get the same quality tenants paying similar rates.

Earlier this week I came across someone speaking about the method of Wholesaling as their primary way of doing their REI.