I'm currently working on the dispo side of things lately.

The rental rate they are currently getting doesn’t sound like it will cover upkeep and turnover.

We’re 10 minutes from a popular lake and my current str has surpassed my expectations.

@Sean SpagnolaRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

When I initially purchased these properties, the mortgage was based solely on the real estate, with the business value being incidental.I am currently in the process of acquiring a $2 million, 5 bedroom bed and breakfast located in a downtown area in PA.

She currently lives in a studio by herself and id move in her with.

In the current market, that would be tough to do at anything over 75%.

The current owners do not have a mortgage, and would sell it to me direct.Since the don't need the cash, I'm going to offer $50k down at a 3% interest at a 30yr rate, but buy them out and remortgage it with the bank at year 5.No money needs to go into it, i have a $100/mon HOA, ~$800/mon escrow.

However, with the current tenant situation I fear that by increasing the quality of the property right now may not get me the higher rents needed to justify until the tenant situation next door is resolved.

Hi everyone,I’m currently in the process of closing on two owner-financed small multifamily properties in Milwaukee, WI, which I plan to buy and hold.