Some sticker shock will likely be in order just so you know.

You’d be shocked by how little actual screening many PMC’s do!

You’d be shocked by how little actual screening many PMC’s do!

@Bob Ewoldt -- not to rehash the leverage vs no-leverage debate, of which there are many lengthy threads on BP that can be searched out, but if you want to keep it simple, you can consider these rules of thumb: * Always buy with gross rents >= 3 times P&I * Keep loan balance <= 80% of the actual market value of the property * Be cautious with ARMs, and if you use one, make sure that your property is still cash-flow positive after "shocking" the interest rate to the highest that it can reset to.* Keep 6 mths of PITI on all properties in liquid reserves These rules of thumb will enable you to absorb some volatility in the performance of your property without going cash flow negative, as well as enabling you to sell the property reasonably quickly without having to come out of pocket to cover a shortfall.

One was actually quite pleasant and appreciated the fact that I kept my homes in good condition. 

Every client I get from there and they show me the competition I simply get shocked.

Anyone who has been investing through the past 3 recessions wouldn't be shocked at this.

Have a very pleasant evening. 

We are also at near all time lows so it going back up to 7-8% vacancy rates would not be shocking

It’s not a pleasant way to go into this battling the community, spending so much money, time and energy.