My business partner and I have spent the last 15 years fine tuning our property management business for single-family and small multi family investors.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

Owner doesn't have to explain why they are deciding to supply the materials.

See which vibe you connect with best, THEN decide where you want to be. 4.

Our efficient project management ensured timely, on-budget completion.

I intend to invest long-distance in small to medium size multifamily properties and hire property managers, not sure how often physical checks will be needed.Appreciate any feedback or other bank recommendations, also looking into NBKC and LendingClub.

We do this with self-managing clients that transition to our company.

If PITI + PMI is $4300, you also need to factor in property management, repairs, etc. 

I carefully decide which properties I'm applying for, I won't apply for more than 20 properties each month.

The new tenant has a dog, which I decided to allow and had them sign a Pet Agreement.