Congrats on the 4 properties.When you ask if Tax Professional, do you mean as in CPA/Income tax or someone to help you with lowering your Real Estate Taxes?

You have to analyze what impact the lower credit score will have on your other borrowing costs and credit lines.

I have to spend time with the buyer explaining what they will have to do to get that yield or they have to accept a lower cap for something fully functioning. it's great people have money and want to do things but it has to be realistic for the area.Now if you look long and hard enough and make offers might you find something?

Hello all,I've run numbers on what I think are fairly conservative possibilities regarding a property and the question comes down to this.My CCR is almost 1.5% higher even after taking into account monthly PMI costs if I go with an 85% LTV vs an 80% conforming one.The obvious tradeoff is lower nominal cashflows esp because of a higher P&I cost, and lower equity, with more 'dead' cashflow going to PMI.

If one owner decides to reduce rates to lower vacancy, it can become a race to the bottom to stay competitive.

The rents vary by week and I give the PM the discretion to lower the rental price if needed to make the sale.

The additional footage factor is much lower than the overall price per sq ft.

The LTV tends to be lower (@60% in my case).

I found that a thinner margin for a rock solid house makes better long term financial sense and has a much lower hassle factor.

The judgments many times are worthless as the tenant filed BK or they are judgment proof ( move to a cash paying job, have horrible credit, income is lower than Federal poverty level so can't garnish, etc.)In your state it sounds like they file and string out so the judge could give judgments because they filed and answer and appeared.