With 5+ units, while they of course review your personal ability, they put more emphasis on the cash flow of the property itself and how its ability to perform is of high importance to them.Always keep in mind the following: 1) market cycle; 2) debt; 3) exit strategy (h/t Bill Ham).As you’re already seeing with deal flow, we’re towards the top of the market cycle with valuation.

Make sure to read reviews and ask the property manager about any reviews that grab your attention.Some Questions to Ask: How long have they been managing properties?

If the property has previously been a rental, reviewing their rental history is also very helpful.  

Reviewing this will reveal other important clues, as well as potential for fraud.

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*This link comes directly from our calculators, based on information input by the member who posted.

Regarding the closing paperwork, the lender will prepare all that and you will have a chance to review it prior to signing/closing on the property.

any reviews on them?

It's hard to say if this expense is included in any NOI that is listed so you should definitely review the details to determine if it is or not.

View reportThe scenario is that we'd use our own cash for initial down payment and some reno... and then refi and hope to pull out equity to repay ourselves and get ready for the next deal. (The reno costs are a very...

Review their management agreement.