Is it me or is it the process? Doing my DSCR has been a complete pain in the tail! It has to be just as nerve wrecking as conventional. I'm asking for 50% on one property and 70% on the other. Neither have a mortgage....

This is a simple letter that says you are ending their lease.

Has anyone did a DSCR with the company the Mortgage Source? How was it? When did you get the appraisal from them?I am curious to see.

I always go in with a simple offer of this is the rent, and we are also comfortable giving you a (insert something you need to do anyways like a basic, white paint job or a new appliance).This is one of the most uncomfortable parts of the business though, and the quicker you get over being able to have these conversations, the quicker you will be successful in this business.

If you have a BiggerPockets Pro membership, Rentredi is free which is why I started using it, but I've kept it for a number of years because it's simple to use and effective.

Its a simple matter of the math.

That’s how much you have to spend on 1-3 replacement properties (to keep it simple)2) How much equity do you have in the property?

In fact it may actually complicate litigation in the event a claim were to arise while adding additional insurance expenses to your real estate operation.To explain why this is the case I’m going to ask one very simple question: In the event a tenant dispute, premises liability, or any other claim were to arise, what prevents the Plaintiff’s attorney from merely listing your wife who it seems is the property deed holder in your fact pattern as a Defendant?

What you can learn from my loss of a year's worth of work:Use your own judgment on the interest rate sensitivity.Figure out how much  NOI drops per 1% interest rate increase.Add 1 to the cap rate  per 1% interest rate increase.Then its pretty simple math to see how it goes upside down.My house is warm. 

For us, its simple supply and demand.