If you don;t have it, you should be bringing in a partner who does without your lender prompting you.Remember, it's better to give a part of a deal than to lose the deal altogether.Good luck!

Can you afford to lose $10?

I’m currently living in the house that I’m renting out to people, and I’m getting fair prices for the rooms, but I’m including everything and can’t help but think I’m losing money on some utilities on the higher months because everything is included.

Estimating a 10% fee from the PM, you will at best break even, but overall lose money (taking turnover fees into account).With the C-class multi, I would put a PM in there, you will probably cashflow ~$200 less per month.

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or lose money in any market.

Warsaw is known to decline the zoning.If you do rent it get it appraised and take out a LOC against the equity.Remember if you turn it into a rental and hold it you eventually lose the cap gains exclusion. 

- unless you sell within 5 years after you convert to rental, you lose the section 121, and there are no other credits. 

A HELOC on your residence can be a useful tool in real estate but I would certainly be cautious about using that up since that is what could keep your head above water in a financial crisis in either your personal or REI lives.Play out some "what if" scenarios. ie, What if someone loses their job?

If it is hobby money or money you are willing to lose, then that is a different ball game than real estate investing.

I.e. this is a fluke asset, if they hold 20 offices, don't cleave one office off unless you can show why they should think it doesn't fit their model.also, be wary of contact via PM, they often are at odds with changing ownership since its likely they lose management fees if it sells.