I believe that to be the most common practice at least in my market.

I had one conversation with a CRE lender and she indicated that CRE cash-out refinance is not really available these days given market condition.

However, I have been extremely interested in real estate investing over the past month or so.

@Cathy LiRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

One downside is that if they are already paying below market rent, you will probably never catch them up with rental increases.

Hi y'all, So I'm just getting into real estate, I have an LLC set up and will be closing on my first deal in a couple of weeks, a $68,000 single home.

Considering attending some local real estate meet ups so you can make some connections.

I currently live in Southern California but am looking to dip my toes into real estate investing via purchasing a rental investment property in Kansas City (I have roots there, visit fairly often, have real estate connections there, etc.).

No right or wrong answer, just glad to hear you're open minded to real estate investing. 

What should be my stock vs real estate vs fixed income ratio?