This will be an over simplification but look at some simple numbers:Year #1:4-plex @ $400,000FHA Mortgage (3%) =$1,700 / month = $20,400 / year3-rents @ $1,000 / month = $36,000 / yearNatural / Forced appreciation (10%) = $40,000 Year #2:Refinance @ $344,400 ($440,000 value)Traditional Mortgage (4%) = $1,650 / month = $19,800 / year4-rents @ $1,000 / month = $48,000 / yearNatural / Forced appreciation (10%) = $44,0002nd 4-plex @ $400,000FHA Mortgage (3%) =$1,700 / month = $20,400 / year3-rents @ $1,000 / month = $36,000 / yearNatural / Forced appreciation (10%) = $40,000 With natural and forced appreciation plus the equity gained by investing rents, there should be plenty of room to lower the mortgage amount - watch out for higher interest rates because they will be something that bites after coming off a FHA loan especially if rates increase.

The USPS is also a good idea since its a cheap way to send certified mail. 

Currently there is a non-conforming bedroom along with a total of  1,000sqft of livable fully  finished and well lit from natural light living space, including a bathroom and laundry — and a kitchenette area.  

They're naturally brighter, are more ventilated and make the space look bigger. 

Due to the nature of the collateral being investment properties, you can expect that things will be pretty vanilla for these type of products.

Also because of the nature of the market it can be tough to work with agents if you are trying to get elite level return, because you (reasonably) become a very difficult client compared to someone willing to scoop up some 8-9% gross return resort turnkey cabins with cash.But this describes me - I just did 10% down on my first purchase in the area with a high bar for ROI expectations and am now looking for my second purchase.

Also, regulations like rent control and eviction restrictions may prevent you from raising the rent fast enough to keep pace with inflation or removing non-paying tenants.Low probability of natural disaster - I regularly see pictures of communities devastated by tornadoes, hurricanes, floods, etc.

I'm noticing managers on yelp and BBB reviews with no certifications, or certified managers whose companies aren't listed on BBB or have bad reviews.I know we ultimately need to talk to them to see if they're a good fit, but I'm looking for at least a basic criteria to help me filter them.Thanks,Ray

Tenants lying use to be a pet peeve of mine, it is human nature for most people to lie when they are in the wrong, so I adopted the policy of never listening to tenants excuses.

Because of the nature of my work, sometimes my deployments are short notice.