Dumb Debt also means that the owner takes on recourse debt and personally guarantees it instead of non-recourse debt or other people’s debt (OPD) or cross collateralizes it with highly appreciated assets with low debt to value ratios.

I suggest using a service like Mayistay.

On the other hand, if you're aiming for long-term rental properties, getting prequalified with a lender specializing in traditional loans or DSCR (Debt Service Coverage Ratio) loans is key.

Usually with an on site maintenance handy man versus the heavy costs of commercial services.  

It can potentially be deductible as an ordinary or rental expense, an itemized deduction or simply non-deductible. 

We offer many of the same services as this agent, but we have no problem with investors flying to Detroit to check things out - we actually prefer it!

I was asking if a warranty deed MUST to be prepare by a lawyer or title company, if not, I will try to do it my self.Its amazing the prices that most lawyers charge for forms/services, that 90% of the time paralegals are the ones doing and setting up.

Fannie Mae has a requirement that if you want to use the rental income from the non occupied units, that you MUST have a current housing expense which means you cannot live rent free.

As for serviceability, I personally prefer kohler as a plumber.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!