FHA often makes you do things like a new water main on 3/4 units when adding too many new outlets which can be 20k+ alone or extensive waterproofing work in basements $10k+.

SolaskiIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

I learned some lessons and now I put extra effort into selecting good tenants.Also, start looking for your second property!

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

The tenant, who had a written lease or rental agreement, which terminated on or after April 21, 1979 (the effective date of LAMC Chapter XIV), has refused, after a written re-quest or demand by the landlord to execute a written extension or renewal thereof for a further term of like duration with similar provisions and in such terms as are not incon-sistent with or violate any provision of this Chapter or any other provision of law. 6.

@Cynthia MeyerEven if someone give you a referral, what meets their expectations, may not meet yours.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

They don't want you to back out, but you don't want to lose out in case something happens outside of your control and causes additional delays.Can you counter and request paid extensions?

You’re looking for:A conventional, fixed-rate loanAs low an interest rate as possibleA long-term mortgage — 30 years, if possible, to allow for the lowest monthly rent paymentA small down payment, if that’s best for your financial situationNo prepayment penaltiesNo short-term balloon paymentsOutline Your Tenant Selection ProcessBefore you hand anyone the keys to your property, you’ll want to be as sure as you can about how they’ll fit in, especially because you plan to live on-site, too.

We received several offers and I selected a loan offer.

In March, Corporate extensions were filed...waiting for a K-1's etc.