This will give you the ability to tap that equity later if needed to go purchase additional properties. 2.

Additionally, holdover tenant is now subletting out the rooms making income and advertising it on 168.com.

If I need additional funds, I can give another lender a second mortgage after explaining to them that the first mortgage holds a stronger position.BUT... if you do some paperwork with the state and set up an entity.

Any insight, recommendations would be appreciated!

Hello BP, Looking for a bit of insight here as I am looking to bring leasing in house...My partner and I currently own/operate our portfolio of ~250 MF units, in Miami, FL.

Daniel,You are asking a couple of good questions on here, but I think you need to add a couple of more and take two additional steps before purchasing.First, the more data you start trying to look at, especially data that is not necessarily relevant, rather than finding clarity, you find confusion. 

I personally am okay with having a cosigner for a tenant because this adds an additional person who is financially responsible for the lease if the tenant is unable to pay rent or for damages they cause. 

In addition, in our lease agreements we require tenants toobtain renters insurance for theirs and our protection. 

Thank you for your insights and have a fantastic weekend.

Any insight will be appreciated.