Now let's look at the numbers (Monthly)Average rent/unit = $775Gross Income with 94% occupancy = $24,02550% gross income for expenses = $12,012Bank Mortgage payment for $1,875,000 @ 4% 30 year = $8,952Seller finance $375,000 for 6 years @ 4%, with interest-only payments = $1250Private money loan payment for $300,000 for 6 years @4% also with interest only payments = $1000Subtracting all expenses and debt service from gross income gives me = $811 in cash flow which I would set aside to use only on the property.

As rent increases with inflation, the rest of your numbers will follow.If buying a condo, thoroughly review the financials and make sure reserve account balances are in line with the most recent reserve study.  

I think more important than paying cash is keeping a healthy reserve for older properties like this.

What fees do they charge for their services?

From your profile pic in uniform, you might want to explore whether you meet the service requirements to qualify for a VA loan.  

Hello to all-@Andrew Hall - Hi Andrew, sounds like a great plan you have put together.If you would like to work with a servicer on your seller financed properties plan, I would like an opportunity to talk with you. 

When it comes to the home remodels and renovations, there are many construction companies offering specialized services.

My question is reserves.

The NASB rates were a bit higher than expected:The loan amount is determined by the property condition, cash flow, retirement reserves, and recent property history.

I use BofA for my Carpet Cleaning business just because they have merchant services so I can run cards and have it next day in my account.