SMS is one service I sell/manage as a consultant and if you don't know how to stay compliant, you shouldn't do it.

My goal is to master the intricacies of various property types and economic factors.I'm actively cultivating a network of industry professionals and am financially ready to acquire and manage my first investment property, aiming for positive cash flow and significant value creation.

In my 12+ years of managing my own, I had no big issues.

As Dave Ramsey says, and I echo, "I've done stupid with zeros on the end!"

Hello Ilya,Where are you looking at purchasing your 1st property.When converting a property from a single family to a multi family, you will need to check on the zoning requirements, depending on your location, not every location has zoning.As far as lending goes, it is far easier to finance a single family up to a quadplex, than financing 5 plus units, the DSCR Market for 5+ units is extremely low right now, and there are few if any lenders in that space.For financing 1-4 units, there are Millions of dollars chasing those loans, so you can easily obtain long term financing, at rates between 5-7%.Please reach out if you have a property identified, and I can help you with financing options.

I am a nurse and I have an addiction MD partner planning to turn this 20-door motel into nonprofit sober living which the area is in desperate need of.

If you managed the work yourself and subbed out the work to registered contractors, does that suffice since only certain work requires a permit?

Educating Clients: What strategies are you using to inform your clients (both buyers and sellers) about the changes and manage their expectations?

But personally in my state of WA, I can lend in 2nd position on a rental at very low CLTV and put a 1st on a new acquisition at a low LTV and I would take that loan all day, every day over a 1st position on an acquisition at 85% LTC.

ThanksHi @Marc Garcia,    sure, send me your telephone number by message and I will add you.