I'm going to be utilizing professional property management for my very first property, but I haven't noticed them using facebook for their portfolio.

My draft lease states on the 5th (today) I can post a Notice to Pay or Quit on the front door.

Would you be decreasing your interest rate as well? 

I noticed that there are a lot of hard money lenders out there willing to work with beginning companies. 

When we opened it, we got the EIN and notice from the IRS about filing form 1065, which is standard.

I noticed that ListSource gives a lot of individual unit owner info in their MF lists when I search for buildings with 2-100 units. 

I was unaware of reality of this prior to purchasing the vr, I thought it would be more passive (because I was using a management company).....but I learned quickly it was a business (I was always thinking how to increase income, decrease expenses, reposition, etc.).

I thought it would be more passive (because I was using a management company).....but I learned quickly it was a business (I was always thinking how to increase income, decrease expenses, reposition, etc.).

3/5/2019Sherelle – thanks for the post / questions and outline Fyi – there are some conventional loan programs that allow a 3% down payment ….I would recommend using this program versus a fha loan program if possible …this is because with a FHA loan the monthly mortgage insurance remains with the loan permanently and with a conventional loan – you should be able to eliminate the mortgage insurance in the future ……Also – if you use a FHA loan for the first home - using a FHA again for next property might be an issue …..you allude to this in your question #2Regarding cash flow analysis ….other items to factor in : utilities / property homeowners insurance ( this will be a little higher when you live in home and should decrease a bit once you convert it to a rental policy / are there any deferred maintenance issues on the house ( roof / furnace / water heater / foundation are the bigger tickets items to watch Definitely get pre approved so you know for certain what you can afford and also so you can begin becoming more familiar with the numbers …we can assist with this if you want - contact us Thanks and I hope this helps Dave Skow 

If you do, then give a written notice to both tenants to resolve the issue or you will bring it to legal action to terminate their residency.