A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Getting in early (like before February 15th for personals  and in January for business returns) seems to be the secret the best I can tell.You get an automatic 4 month extension - but if you did not pay all the taxes owed (within 10% of what you owed by the filing deadline) you  will incur a penalty for that… and if they aren’t filed by the extension date that would be another one as well. 

Study your market and your competition and try to do as well or even better.I hope this helps and wish you the best in this exciting adventure.

Think Chase, Wells, US Bank, Key, and Everbank - plus any regional players in your market active in the multifamily space.If you're looking for a value-add rehab / bridge loan - try both bank/cu's and private capital / hard money lenders.

I acquired my first investment property a few months ago and renovated the units as well as rented them out and its cash flowing well. 

NEVER, if you cannot find a buyer, well it's not a deal.

AI can be beneficial both for operations as well as your taxes.

Based just on your DSCR calculations, it appears this property is significantly under-performing, or if it is operating well, then it is significantly over-priced.If your plan is to reposition the property, then you need a bridge loan or private loan to acquire and manage the property. 

With determination and the right resources, you'll be well on your way to achieving your real estate dreams.

@Tylah WillisI would check FB as well.