There is enough reserves to cover the mortage in the event of several missed rent payments and there is enough cashflow in the property that the account is continually building higher reserves despite the mismatched due dates.You are trying to create problems with your tenants by imposing non-standard due dates in my opinion.

(which is exactly why I was paying them in the first place, otherwise we would have continued to manage.

why not continue to do cash flow for the long-term?

We will keep this all in mind and continue learning as we go.

I am still new at it so hope to continue to learn from those on the site!

I created a team of knowledgable professionals whom we all continually build our dream lives together.

Of course, continue to do your due diligence, but as another company operating in Memphis, I have not seen any red flags on them or their company nor have I had any other investors come ask us for help after doing business with them.

Continue reading the forum and gaining knowledge :)

They're certainly there, as that market continues to lag, it could make it tough to move those contracts.

Cloud, MN.5 months on the market with the top rated realty company in the area.Struggling to sell at $124,900 after starting at $129,900. 10 showings, no offers.I was looking at renting this place out (since I already have 1 rental property) & waiting for the market to continue it's rebound.But the 50% rule is scaring me off now, as the house barely cash-flows when only considering PITI and PropMgt. $1100/mth income vs. $940/mth outgo.Am I overlooking viable options for moving this property?