Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

Raise plenty of capital up front and have reserves for any of your current properties.Do Not Over LeverageSome experienced investors are purchasing at 65-70% LTV (Loan-to-Value) instead of the normal 75-80% to give them the extra cushion.

We were able to cover our expenses on all of our vacation rentals with a few bookings from folks who wanted to social distance in our properties, so we didn’t have to dip into our cash reserves.

Is there a recommended book out there that does a good deep dive into proper due diligence and other important items like determining reserves?  

- For the valuation, is it ok to use the BPO service offered directly on the exchange website or should I purchase that service directly from a company like valuationvision?

**With that said, aside from the credit report and liens on the other property, the lender could also see the deposit/wire from the private money show up in your bank account (they will be asking for bank statements for your down payment and reserves) and if they see the deposit, they will ask where that money came from.

It's totally up to you but I think very few investors would suggest less than 7% on anything with 20 units or less.As for repairs, the 10% you have total is for reserves (I think these are actually pretty good numbers depending on the age of the place).

We are probably looking at another $22k or so in debt service depending on the offer price and interest rate.

Turns out another tenant in the building has suddenly started with the same type of behavior, trying to push lease terms, and trying to dictate when we can send our service guys in, always on their terms, never meeting half way. 

It just depends on what services you provide.