However, juggling dual responsibilities as both homeowner and landlord comes with its challenges, including managing repairs, maintenance, and tenant relations.Managing separate utility bills may pose a challenge unless you find a workaround.

If dad qualifies for a Solo401k (legitimate self employment activity and no w2 employees other than spouse working more than 500 hours annually) he can take a participant loan up to 50k or 50% whichever is less and use that for any purpose including loaning money to a prohibited party.   

Documentation would include move-in and move-out photos, checklists, a good lease, and proper receipts for repairs and cleaning.

I should have included DOMs there but most places are seeing increase from ~10 days to ~18-30 days.On a side note.

My understanding is that Seller pays closing costs as per this contract, including Owner's title insurance, settlement fee to title company and any other Title and Escrow/Settlement Charges.

Hi there,I have a property that's in an LLC and has been used as both a longterm rental as well as a primary residence (this includes 2 years total within the past 5).

Complaints I've read on BiggerPockest forums have included: vacancies not getting filled, repairs completed at high prices (not getting competitive bids, large mark-up), poor tenant selection, delinquent accounts not being pursued, PM has too much power (utilities in PM's name, contract with PM makes it almost impossible to fire, rent payments will continue to go to PM even if you try to fire him/her, PM doesn't give LL records to justify billing.)

Frankly it’s gonna be hard to cash flow anywhere Lancaster included for the most part, so the next best thing is trying to go for some appreciation, but that’s not just buying a house & hoping it goes up it’s really understanding your local dynamics and where at least has a good chance of going up, like is one neighborhood 100k more than the neighborhood next door, does that make sense?

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.

This tool can help estimate the total expenses associated with property management, including monthly fees, maintenance costs, and vacancy expenses.What is Included in Property Management Fee?