We agreed on a section 8 tenant stabilization plan, and after their first full month of taking over, here's how we're doing: Total Properties: 11Total Rent To Collect: $10,240Historically, under Own It Detroit (Mutual Property Management) -- monthly totals of rent collected on the first and before the 5th was typically $1200 LogicPM has inherited tenants who for the past 6-8 months were told as long as payments come in before the end of the month, partial payments included, you're okay.

How does the property do if you use 50% of rent as expenses not including P&I?  

This should be only if they are providing value, not just popping in and reporting back to you.

This includes self storage and multifamily.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Including a contingency in the first 3 days after the contract is accepted is a good idea especially if there are tenants. 

If you're worried about break-ins, then you need to secure it.We give our clients several options, including removing & storing the mechanicals to avoid theft.Also, check with your municipality to see if they have any requirements.

The max qualifying DTI is 48.99% which includes your housing expense and all other debts on your credit report.

This would also include any new Tenants just as above in sect (f)(1).

If so, have you ever done a buy and hold partnership deal that includes one partner invests and the other lives in as principal residence for 2+years during renovation and manages property until sale?