Hi,I have property with a PM....as part of the agreement any late fees go 100% to the property manager.......my tenant moved out without paying last month's rent and the property also had a bit of damage and repair expense (3-4x monthly rent.) 

(going from 6.75 to 5.5-5.75) What I fear is that this forces me to stay in the property again for another 12 months.

Now, as I exit this investment, I’m excited to revisit this journey with you 3 years and 8 months later.Acquisition:In December 2020, I closed on the 44-unit property for $1.725M.

They should keep detailed records, including photos of damaged property, repair estimates, and receipts for items like cars and appliances.

He is Property Manager.

@Shay Sherbotseliask a local property managergood luck

For those of you experienced in finding undervalued properties, what are the biggest risks and rewards you've encountered?

No - "DSCR Loans" are for residential investment properties only (with only a very minor exception for small mixed use properties that are majority residential in nature in every way)

I am trying to see if I should just try to find a cash buyer who wants to hold the property and I could either finish the work as part of the deal or offer it at a reduced price for them to finish...my other option is to try to do a cash-out refinance since we have done a significant amount of work, can I still get a semi accurate appraisal without the entire work being complete.

I recently had a total loss fire in one of my rental properties.