Normal wear and tear is not covered so painting you may or may not include.

We are now investing in an advanced CRM that will interface with our PM software for even more customization and automation - including hiring a specific expert to implement it for us.It will be a painful learning curve - short-term pain, for long-term gain.Suggest you make your list as you learn on the fly about what various softwares offer.Check these out: Buildium, Doorloop, Appfolio and Rentvine.Take your time, because switching is another painful task:(

I'm a trust but verify guy so 3 times a year we have picture inspection reports done so I know the condition of the unit, cost $75, Will share information if requested.Best,Mike Money well spent.In think we do a yearly walkthrough that is included with our PM operation but would like to have multiple walkthrough's scheduled every year which we will probably have to charge for due to needed time and resources.But it's a great way to get eyes on the property and provide peace of mind for landlords.Thanks for the mention.

This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Make sure you are priced competitively for the unit without heat included.

Here are a few incentives as noted by the IRS:168(k) - Special Allowance for Certain Property (Bonus Depreciation)179 - Election to Expense Certain Depreciable Business Assets Other incentives included in the tax code, however, may reduce the need for a taxpayer to perform a cost segregation study because they give preferential treatment for certain qualifying 1250 property such as 168(e)(6) - Qualified Improvement PropertyHave you utilized either of these incentives as part of your cost segregation study?

It's done all the time and even better when you market it and include the current plans and permits (assuming you have this in place).

Yes, we have a property manager who has handled everything for us, including the repairs we have done.  

Then let appreciation and principle pay down come into play to get you up to 30% or so.Most people here on BP will push for self management, myself included.

I like the idea of including it in the rent as it ensures the tenant keeps the renters insurance and seems like the least amount of effortThanks!