I’m a property manager in upstate NY and I’ve started a series of interviews with local professionals in the real estate field and I could use some help.

We only have a house or two, we say.And just because we got away with not having a professional layout when we received a mortgage for our first rental or even second rental, we think it's okay just to present a mortgage company, bank or hard money lender, just some figures written down on a piece of paper or on an Excel Spread Sheet.But what happens when the time comes when you want to really expand?

My point is that STRs could be profitable enough to easily justify PM fees and therefore be a more passive RE investment option.Just another thing to consider.Just to complete the picture on the units we use a PM, our 3rd unit with a professional PM is OOS (Alabama). 

Either way, congratulations on the purchase and for taking the risk in the first place but you need to get a safer more conventional property loan in my professional opinion to give you better chances in keeping this property especially if you have a long term rental income plan for it. 

Find a professional.

There are also signs of a cover up at the base of the foundation because there are new concrete blocks there to hide the foundation and a temporary drain placed nearby to prevent water from reaching the foundation.

Talk to a professional before moving forward with this strategy. 

I enjoy meeting real estate investors and learning more about their interests and professionals goals.Vedran

Otherwise, savvy "professional tenants" will wait until you file a dispossessory suit on them, and then make a tiny token payment.

I would like to use my past real estate experience along with my degree to build a family real estate investment business to enable my husband to leave his current job to work along with me and pass along to my son one day.I am a big fan of forums and of networking so I look forward to meeting so many of you online and maybe even get the opportunity to FaceTime or Skype to share professional experiences.I enjoy helping others so if there may be any questions that I can answer for you especially in the area of property management which is a strength of mine, please don't hesitate to ask.