The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Cash flow is the name of the game when it comes to controlling the asset so you are right it really doesn't matter whether the value goes up or down as long as you can carry it. 

Those rents qualify as income to afford a bigger home loan and to offset the mortgage payment.Its also a great way to move out and have a multi-unit property bringing in more cash per month with more doors.

Additionally, the costs of fixed rate seconds and HELOC's could come down from the double digits or make cash out refinances more feasible to tap equity for those with low first rate mortgage loans. 

Hopefully, he provided guidance on how he wanted things handled.

I am full time in real estate & always available to provide value & resources at your request to help each other grow by phone, email, text!

In my experience most condos or townhomes don't cash flow well.

Hi, I'm wondering with the market like is right now, high interest rate and just having $30k cash and having a regular mortgage.

Our goal is to provide tenants with some suggestions as to how they can arrange for new ways to locate their things (storage facility, city yard sales, arrange for hauling service, etc.)

Purchase price: $490,000 Cash invested: $61,000 Sale price: $649,000 Nestled in the highly sought Silver Sands neighborhood of New Smyrna Beach, this 4-bedroom, 2-bathroom home offers the ultimate coastal living experience.