Sounds like you picked a bad tenant, so start eviction ASAP.

Did you know about various tax credits available for real estate?

@Kermaury MusgroveInvesting out of state can have it's challenges and extra costs like travel, bad people, unexpected repairs.

I am not pre-approved yet as I still don’t want to get a hard credit pull when I am between renting and buying, but I have contacted a local broker to get a soft pull and a rough idea of what I can afford as far as rates, MIP, and down payment.

Hi everyone,So here is the deal.Started a PM company 10+ years ago as a subsidiary of our turnkey company (IMO it's a tough gig selling turnkey if you don't also manage in-house)Hated the PM business for a good 5 years or so.Then one day I woke up and smelt the roses and realized that PM is not so bad after all.That of-course came at a time when things actually started to work and we actually started to "work" the systems just as they should be worked lolWe have reached a point now where it's a pretty well oiled machine other than the minor $#@% that we fix on a daily basis.The business motto is systemize, optimize and monetize which is a work in progress but chugging along.I'm confident that with the operation as it is today we are at a point where we can start to significantly scale.Organic leads are flowing in nicely and we grow at between 10-15 units per month or so.My questions are:1) How do we potentially find other "mom and pop" shops what want out of the business and we purchase to take over?

Or if you can get a 0% interest credit card to purchase materials - I've had to do that in the past and put 70k on two credit cards :-/ Then when the bank finally came through I paid off the CCs. 

There are good mentorships/coaching/classes and bad ones so you never really know, but the honest truth is that even in the bad ones, if you do the work and build relationships with other students, you will probably crush.

According to the PMC, they do background checks, credit checks, past rental checks, the works.... problem is these tenants are serial renters.

Do a home equity line of credit, and use that money for our next investment. 

Credit union is offering 6.5% mortgage loan for multifamily property.