I share your optimism but I am not sure this means we are out of the woods yet in terms of rates.

.$5mm PP = $250,000 acquisition fee, let's assume they are raising $2,000,000 in equity for purchase and upgrades, this means acq fee is really 12.5% of equity.Loan Guarantor Fee: $5mm purchase, let's assume $3.5mm loan.  

If you play this out, the property value starts dwarfing the loan principal.What does that mean?

Keep in mind that property ownership is a matter of public record.

Economic means they are paying.In certain areas of Memphis, economic occupancy is rather low.

Most lenders will say that they don't do them, but really that means that they don't know or don't have any experience w/ them.

That means don't bite off more than I can chew, it also means get a good grip on the risk of owning it and avoid things with high risk- don't have losses.

But, simply because you buy a property in Logan, OH or Columbus, GA does not mean you will be successful.  

We translate all of the PM software data into their QBO(s) each month to show complete financials (property-specific & non-property specific transactions all in 1 software).The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

The Charisma/Berkshire comforters are by no means winter thick.