We accept viewings from anyone that is pre-approved (self-identifies as meeting our criteria, this should NOT include income as it is a Fair Housing violation.3.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

There are cons with condos however, including HOAs, less likely to appreciate, etc.

Consider the diverse financing options available, including 30-year mortgages, fixs & flips, cash-outs refinance, ground-up constructions, And commercial properties?.

I would opt for including a desk in the second bedroom.

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.

Lol, ozone machines are great, but chain smoking in a house is a carpet, pad, seal coat on the subfloor, full paint including ceilings and at that point you may be good.

Full documentation to qualify, including employment history, income and DTI. 3.)

Did some upgrades and improvements to the 8 unit, including new roof and paint.

I gave up on idea of having in-house PM, but it’s because I got comfortable relying on technology to minimize my time self-managing.