., I think the post should have been titled "LANDLORDS say the darnest things"!

Rob, thanks for posting and allowing me to learn along the way.

Thanks for posting this case study Mr.

Your either going to beat your head on the wall because of the debt and stress about it making money or stress that you paid all or a substantial amount of your cash when you go all in. i understand this will be unpopular for a lot of BP viewpoints but it worked for us, we own 2 STR that we owe nothing on now and purchased both for 670k and have a real value of $1.2-1.3mm. it requires you to put a lot of your cash back to your reserves but you have it all to do it with.Personally we believe in ourselves and our ability to pick high producing properties(that is the very first and foremost consideration) then we went all in and never looked back, 2 years later bought our second STR with mostly cash. 

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First post! 

Keep up the great posts! 

Good luck PS remember this post in a year from now :) 

Move them out, clean the units up, and place your own tenants at market rate.Any other method is going to create a ton of work and stress, and it probably won't work out well for you in the end.

Good morning everyone,(My first ever post on BiggerPockets)I've just gotten a property under contract in Irvington NJ, and I'm searching for a title company that will not look at me as a scam artist whenever I ask them for my needs.Any help or suggestions would be greatly appreciative!