I have made a few when i was in town years ago.

They then wait until July 23rd to tell me that they want me to be employed in my field for a year before final approval, closing was supposed to be the 26th, thankfully the seller accepted a continuance until August 19 as I would pass the 1 year mark on the 14th.

He has been doing flips for 30 years and claims to pay a great ROI and get equity in the flip as well.

Where it steps down 1% per year of the 1st 5 years of the loan.

May, June and July were pretty much the same as in prior years but August is still not fully booked.

Last year I bought a 4 unit, 2 story purpose built apartment.

I purchased my new build a year ago.

If called due (I’ve done several thousand probate deals and it’s happened exactly once because of my early lack of training 40 years ago) you will run the risk of needing to pay of the old loan by refi or selling.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

However, we also want to make sure we start off strong with a seasoned PM and then possibly take over in a year (but reviews may not transfer?).