A good management company, if working with a good board, will keep everyone informed on a regular basis, regardless of whether you live in the community or not and regardless of whether it's law or not.  

My question is this; should we go for a conventional loan for a 2-4 unit and try for a regular pre-approval or go to the commercial side for a 5+ unit and if we choose to do the latter should we run numbers on a few properties before looking for a loan?

I see a similar name of a dry cleaning company in Wilmington.

A few years back we rented to my folks without an agreement or deposit etc, and though it wasn't huge loss, they didn't leave the house as clean as they got it and they had pets in the house.  

(Year Built, Siding, Roof, Basement, Foundation, Heat etc.)Page 2 - The NumbersCost to Purchase, Closing costs etc.Cost to Repair (Clean out, New Floors, Painting)Holding Costs (Taxes, Insurance, Utilities)Anticipated Sales Price, Closing Costs, Commissions.Profit and Split.ROI.Does anyone see anything I should be adding?

I have a house in 02 that I cleaned up that has neighbors selling for $2M.

It was driving my wife crazy.Long story short, I had fallen behind on my outdoor chores and hadn't cleaned the gutters in much too long. 

While most of my properties are in the Olympia area I still have one in Puyallup and get up that way pretty regularly.

When you start doing that on a regular basis (recommended every 30 days), your scores will start rising.Then, you can truly make good real estate deals--from a position of credit strength--and save yourself a lot of money you would have paid out because of your poor credit rating.

(if you dont have heloc yet use tdbank, they are the best)The bigger issue is if you want low rates that you can cash flow with you are talking regular real estate mortgages in which your DTI will be a factor.