It’s looking like this will cash flow neg just with est mortgage payments plus insurance and taxes of $1100ish (after renovation), property management of $120.

I've just put my fifth rental property under contract and I'm really starting to hate manually dealing with bookkeeping in Stessa every month.

Purchase price: $320,000 Cash invested: $15,000 Property consists of 4 quadplexes (16 Units), 8 two bedroom units and 8 one bedroom units.

Buy a property that perhaps has a legal suite or a duplex.

In the same boat considering going this route with a property :)

Hello everyone,I am getting ready to make my first home a rental property.

Ok, so basically if you have your 25% downpayment you can just go buy any property off the MLS.  

Start small with manageable properties, mitigate risk with house hacking or partnerships, and stay active in the community.

Here are some options:Demand Payment in Full for Damages: Ask your property manager to send a formal demand for the $5K in damages.

and of course a lot of DSCR loans are quote with a 5 year pre-payment penalty which of course can be VERY expensive if you have a 5 year flat 5% PPP and either rates drop or market conditions are such that you would like to sell the property. 5% of 300k for example would be 15k.