Lower rates with the Fed should've helped your DSCR so if anything, it should have given you more wiggle room.The Fees are odd for it to be that big of a difference.

I would bet the most of us self manage.

I would say your best bet is to see if you can purchase a home with an assumable mortgage. 

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

In my opinion, Baldwin County is probably your best bet if you are looking for long term renters instead of yearly turnover.

If not, I’d bet there was no partnership return.Assuming a 50/50 split, you should take half of all income, expenses and profit and report that on your return.

We do have a servicer.I finally had a conversation with my JV and said just foreclose since the borrower would not return calls, emails, any form of contact.Borrower did response when a DIL was presented (oddly enough) and agreed to a DIL but has yet to sign the papers.

The only difference is that there might be an explainable rationale for holding on to a property, such as a well-founded belief that equity gains are coming (such as owning a house in a rapidly growing area or property where the next commercial boom is headed), whereas with gambling your odds never change regardless of your losses.

Some sort of owner occupied strategy (house hack or live in flip) is probably your best bet for a first investment.

Your best bet is going to be to join the facebook groups, there are 3 major ones in Lansing.