If you're not walking away, you're not in the business.

The good thing about not having any tenants on your new purchase, it allows you to do a full remodel of the property and raising it to market rents when you lease the units up.

I'd recommend speaking with local investor-friendly agents who can weigh in on YOY property value growth and rental increases for all projections.Lastly, if you are going down the STR route, choose a property/area that will still allow cash flow if the property was used as an LTR.

@Juan Zamora 10% down loans for striclty investment properties (no owner occupancy allowed) are not a reality any more.

BUT... this also means you need to put a plan together to keep 4-6 full time guys busy. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Wanted to connect with others doing business in the area to keep up-to-date on the market, as I'm from out-of-state.

Having them printed out allows you to refer to them and also tells every applicant that you apply the same standards to everyone.

Hi BiggerPockets Community,I'm having trouble managing mortgage payments for my rental duplex property and could use some advice from those who have dealt with similar situations.Background:The mortgage for our rental duplex is in my and my wife's names.Our LLC holds the property deed via a quitclaim.We set up a business checking account for the LLC to receive rent payments and manage property expenses.The Problem:The bank requires that mortgage payments be made from an account in my and my wife's names, not from the LLC's business account.

I think there are two ways to “scale” your real estate business or investments.