There are similar ones for San Fran that are even worse: ;t=

Cons- they're more expensive and you can't get low down payments on them. 

Hi @Max Fajardo sounds like you may qualify for low money down conventional which is a great way to go.  

., etc.) will not increase your opportunities for attractive financing and typically restrict you to the private money market (low LTV, premium rates and higher fees).

The cost of renewals increased by 70-80%, which was insane.

The rate sounds low..conventional mortgage primary purchases are in the high 6%'s-low 7%'s..The 5 year PPP is a little heavy as usually declining..5%.4%.3%..can also consider 'buying out' of the PPP usually around 1-1.5% of the loan amount upfront..

Of course, your numbers for management fees, CAPEX, etc.. will reduce the gross number. but it should still be positive (CAPEX on a new build should be very low).

"we are fair and firm" "we issue one warning" "we follow the lease to the t" etc..

To be honest, I think we may just need to bear the costs and learn from this and do regular unit checks going forward (which was not done by the previous property management company). 

You will stand out from the competition and the incremental costs will be recouped quickly in your low vacancy numbers…  good luck