I will likely focus on adding another long-term rental using DSCR product

Hey everyone. Here's a scenario I reviewed a couple of months ago where the borrower purchased a deal at $200,000 but only had an ARV of $280,000. However, the borrower projected a $21,000 light rehab job. The lender ...

Working on getting a new septic permit so we can add onto it, and increase the bedroom count to 4.

Working on getting a new septic permit so we can add onto it, and increase the bedroom count to 4.

I plan on getting my license after graduating and either staying in Memphis or possibly moving to Nashville.

I personally would not want to drive around this neighborhood knocking on doors for rent.

Kids are hard on houses. 

@Sanjida RabbaniRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

In 2018 and 2019 I started coaching people on how to invest in real estate.

We keep everyone in the loop all throughout the process.To stay on track, we maintain a comprehensive checklist that covers all the tasks involved in closing a deal.