I want to build up my portfolio with good long-term rentals, but I have trouble looking for good deals.

I've seen where people add so many loan extensions with optional payment.Say 1k gives you a 1 or 2 year extension and this can be done 4 or so times.This agreement could be changed so many ways to make it work.You could offer a higher interest rate after 7 years to extend to 15 years.

If this is financing for a stabilized property rate carries more importance but rate combined with origination fees, pre-payment penalty and term in which you intend on keeping the loan in place are all considerations which together should help in deciding the best financing option.

I am pretty experienced with S8 procedures, all of that experience is with our Toledo LMH team.Are you leasing with a property manager in town?

Our portion out-of-pocket was the $3K deductible.I'm friends with numerous apartment owners. 

1. coaching- all of the "coaches" were newbies themselves with about 1 year of experience and about 1 deal under their belts and they always disappear after 2-3 months and get replaced with new "coaches".2. networking- they have a FB group, populated primarily by other newbies. go there to answer questions, and it's likely you'll get other newbies saying "good question". there are lots of newbies hoping to get into a deal, but who wants to put together a team where every single person is brand new with no experience?

So you don't need an umbrella.I don't agree with this.

Hi everyone, I have received feedback from here about networking with other RE investors in my area.

Is there any project management software you recommend that aligns well with the BRRRR strategy?

Keep in mind a few things - many major markets currently have a glut of multifamily projects so you may be competing with large apartment complexes with amenities offering incentives in a competitive market.