Are there retail services that are lacking?

The underwriter doesn't want to see declining income by more than 20% from the previous years income though.

@Mason FiasconeMason: I agree with the masses - the success of your investment will be predicated on the quality of your property manager and the amount of leverage you put on the property.If multifamily/commercial, run a model to make sure debt service coverage can handle stressed performance, and maintain a reserve.

You might be saving the money between a rental unit and a home purchase debt service.   

If the tenants destroy the property, then they could loose their benefit (at list that's what the Sec 8 office told me I never experienced it) Also Landlords are allowed to give surprised visit to applicant's current resident prior to approval and if the property is kept in bad shape or they don't allow you to enter and inspect, then you can decline the application.

My buildium software makes it easy for me to charge water bills so I don't need a billing company.I did not want to use a submetering company with provided equipment that charges a each tenant a surcharge depending on the level of service that they provide.

How about the cost to maintain an LLC if you have one, accounting costs, or bank service charges? 

If so, I'm curious if you are pleased with the services they have provided as your property managers, and if you are "surviving" with the low returns that their turn-key solution offers. 

Starting out is a lot harder because of debt service ratios/etc.

Hi All, I am working with a client who would like to engage the services of an interior designer to help define and design a basement finish project in Atlanta.