I'm on the phone with him every other week trying to straighten up my balance sheet, work on different tax filing approaches, massaging numbers for a loan app, etc.

Those reasons approach infinity deriving from mortgage servicing contract restrictions, portfolio size, balance sheet health of the investor and regulations to name a few.

The loan and payback is just reshuffling money on your balance sheet.

Hits to the principal balance is to be avoided.

The other issue that come from a lender loaning money to purchase a company would include business plans, viewing the statements of cash flows, balance sheets, and income statements from the selling business for whatever period of time they want.

I always look for 12%+ Cap and 20%+ COCR to filter then I start breaking down repairs and potential rent income to find that balance of how much I have to put up front in repairs vs improvements I can do with reserves after collecting rent for a while.

If so u can add their name & submit a bank statement showing acct. balance.

Maybe refi the current balance to increase cash flow.

And Aly, appreciate your perspective as a long-distance landlord (I was wondering about self-managing long distance landlord situations).Some great insights for me to consider as I figure out a balanced approach here.Thanks everyone..Rick

I feel this is a healthy addiction though as long as you keep the rest of your life balanced!