Make sure that if you intend to stand firm a evict the tenant, your deficiency notice includes a notice that you are disabling unilateral payments as you are not accepting late rent. 

This could be through finding ways to increase the rent on your existing properties, taking on additional work, or finding other income streams.Reducing your current debt levels can also improve your DTI ratio.Improve Your Credit Score.Look into various financial institutions, including community banks, credit unions, and online lenders, which may have different criteria or offer programs for investors.Since portfolio lenders retain their loans in their own portfolios rather than selling them on the secondary market, they are able to provide greater flexibility.

Looking into cash-out refinancing and DSCR loans and all of that but I'm getting ahead of myself as I don't even have the 1 yet lol.Nobody in my family has any experience with this sort of thing so I'm just hoping someone can give me their opinion on if this investment makes sense.The home is currently being rented for 2900 total (all tenants are month to month and have been there about a year each) and my monthly costs would be 1,200 included taxes, insurance, mortgage etc.I am considering putting the home on section 8 because the fair market rent would make my monthly rent 4k+ but I'm weighing the pros and cons on that avenue.From what I understand the biggest costs to me as a home owner would be a new roof or fixing the pipes for any reason..

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

I tried not to get caught up in sticking to hard rules and look at the long game because that is my strategy.

Boostly also encompasses a weekly podcast and a Facebook community that you can join to exchange ideas with other property owners.Other options include using bigger and better Channel managers like RentalsUnited https://rentalsunited.com/Or NextPax https://nextpax.com/channel-manager/integrations/channel-par...The more viability the better helps you get through the slower season. 

I, not being a tax accountant, was thinking that the value of the home included appreciation and (the value of) improvements, so I didn't think to split them out.  

Now, comparing a Living Trust and an LLC for commercial property:For a Living Trust, the pros include estate planning benefits and no immediate impact on property taxes.

Any # of units for a DSCR does not include income. 

I turned the master closet into a small game/arcade room.