PMs are great if you're running a larger (5+ doors) portfolio, in a similar area, and have "lived" self-management long enough that you know you're no good at creating standard operating procedures or farming out the work directly.

Based on my projections, I knew that if we put the standard 20% down, we'd have a good chunk of equity built up right off the start, and we'd also have enough, or close to enough, rental income from the other unit to cover our mortgage.

I knew that if we put the standard 20% down, we'd have a good chunk of equity built up right off the start, and we'd also have enough, or close to enough, rental income from the other unit to cover our mortgage.

After I finished junior year, I interned for a small real estate investing company in the area that my father was acquainted with, which owns over 100 million in assets by value.During my time interning, I spent about a month doing whatever work was given to me.

Does this imply a break down in underwriting standards?

The market I am looking for is South Florida given airline connectivity from South America and an interest in living in that state if someday I move to the US.I was wondering, any other international community member here?

Your city will have certain standards, and so will your neighborhood. 

@Joe S.We do all three.Our agents use internal comps from our project management department to be able to project out soft quotes for clients.

. -6 months is pretty standard for seasoning for a cash out refinance.

@Javaras ThomasAgency debt (Fannie and Freddie) are considered the gold standard of financing.