Is this a true 10% cap or is this what I refer to as the "realtor special" where taxes, insurance, water and a nominal maintenance budgetary number is included.

I read that it was possible to create a PM company under an LLC and pay myself to manage the properties but then I would be subject to 15% Self Employment taxes.

Create a well-structured investment plan that includes your standards, target markets, property types, financing techniques, exit strategies, and risk management plans.

Most of this was done by our property manager (Neighborhood Property Management), but they have a good website (Housing Choice Vouchers), including a specific section for interested landlords. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

This should include details about your investment strategy, expected capital injection, risk management measures, and potential ROI.Networking Events and Meetups: While leveraging online platforms, don't overlook the power of face-to-face interactions.

Hi Adam, Since the immediate area may not have many comparable properties, consider expanding your search radius to include neighboring areas with similar characteristics, such as proximity to amenities, major roads, and parks.

You can always include rental expenses on your tax return if you have a rental property that is deemed in service.The question, when summing all your rental income and expenses, and you are net negative, is whether the loss can offset your other forms of income or if the losses are deemed passive and carried forward.

Find out how long they have to contest it and at the same time tell the PM that is it their job to manage the place, so they are the ones who decided how much of the deposit to keep and should have included an itemized bill in the letter they sent.

I am always down to talk about real estate investing in Columbus, Ohio.I can share insights on investing on both single and multifamily properties, including out-of-state investing.