We keep trying to tell everyone that a PMC is the BEST member of your Core 4, not an agent.Since your property is in Eastpointe, the water bill will stay attached to the property - unless you want to go through a ridiculous Water Transfer process to put in the tenant's name. 

I am thinking if we bought it for my mom it would be with the understanding that we wont make anything on it until we resell it in a few years, looking at rent in the area it wouldnt cash flow if we were to rent anything out with the current rates.

I will also be paying the mortgage from this account and if I am short, I'm going to transfer money from another account.Is this a good idea and what does everyone do?

I list on Zillow, primarily communicate with them over Zillow messages and then give our remote login code to enter the home. 2) Maintenance between tenants - This one will be tricky as I will have to transfer all utilities to my name and send multiple vendors to the house for getting the house rent ready.

(Quoted about 8.5% rate on a DSCR loan, and budgeting 10% of rents for capex, 9% for PM, and 5% each for vacancy and maintenance) After-rehab rents would be about 1350-1500 based on comps.

Rates will be in the 5's right now.

This program is also winning on our weekly interest rate survey at the moment.Here is an example of a loan summary put together for a client last week.

Focus on who your buyer is: professional who earns $380000 now because of rates and inflation.

I ended up offering to open an escrow account to place the remaining $6,000 I “owed” the contractor and should I have no problems after the 5 year warranty period, the $ would then be transferred to him. 

@Jon Thomson You didn’t mention what your current mortgage rate was but no sense paying down or paying off a low rate mortgage just to then borrow from the same property at a much higher rate.