No one will invest with you or work with you if you don't have a track record as a successful real estate investor, entrepreneur or business person in the past.Then, you need to get educated on the apartment syndication terminology and process so that you can communicate effectively with team member and investors and understand how to find, evaluate, submit offers on, conduct due diligence on, and asset manage apartment deals.

This is much more effective in the long run as opposed to scrolling through social media and watching television.Manage your time well: Time management is essential to success.

I never could understand why agents would actually work with buyers buying the cheap $25-$50k condos here, getting a commission of 2% or so after fees and splits....just an absolute waste of time.I’m sure you can find agents to handle your property for 6%, this agent is just telling you it won’t be them.  

You are totally wasting your time, and everyone else involved in this deal.Not only do you need EM, for a REO or any other half way informed seller/listing agent, you also have to show the Abitlity To Actually Buy The Property, in Your name, for your offer to even be looked at.  

As long as my cash flow from my house isnt effected by it then I'm good.

"Rules" only mean if you should bother taking a deeper look at the property - it's a quick way of skimming to not waste a lot of time on things that can't work. 

If you have the money to pay the loan back, you have the money to use and no money wasted on interest payments. 

-how will my DTI and credit score effect the refinance?

@Ozzy Sirimsi  @Tim Youse @Joseph Abad Appreciate the tip about # of tenants in Towson, looking at the zoning laws : "After the effective date of Bill No. 124-93, a new boarding- or rooming house is not permitted next to an existing boarding- or rooming house unless permitted after a public hearing pursuant to Section 408.B."

Tenants always have the capacity to impress us with a good deed or good maintenance or maybe just not being complainers- You thank them by renewing their lease, not giving them a rent reduction.As the CPI demonstrates- every year that we do not increase our rents we are effectively giving our tenants a rent reduction, to the point that your unit is operating at a loss.