I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

Again, I’m not sure if these guys do this to everyone or if their customer service ability as partners is just terrible.

Their pro formas felt optimistic with providing 6% annual appreciation and property management that is only about 6% of rent so I take it with a grain of salt (they offer their own property management services but it has terrible reviews on Yelp so I would probably go with someone else). 

DSCR (Debt Service Coverage Ratio) loans are popular for real estate investors because they focus on property cash flow rather than personal income.

Stand out, be unique, and offer something of value that you would love if you were a traveler (cleaning service, amenities, a theme, etc.)Happy to help you find a place if you want some help on the agent side.

As for soft costs, you’re looking at a fair amount for a condo conversion-there are legal docs to have drawn up, reviews, surveys, recordings, setting up the HOA, reserve studies etc.

Though it may cash flow well based on their current debt service, when you compare the income it produces to the equity they have is it actually even a good investment for them from an ROI perspective or would they be better off liquidating and redeploying?

Here’s how you can stay informed and ensure your rental properties meet all legal requirements.1.

The information shared is based on my experience and industry knowledge and should not be considered legal, financial, or insurance advice.