As far as reserves go:0 Months PITI when LTV < 65%6 Months PITI when LTV > 65%12 Months PITI for loan amounts greater than $1,500,000 regardless of LTVHope that helps answers your questions, feel free to DM if you have additional questions!

I sold a house I was renting and with that money, I could buy this "new" house and have some money left for the rehab.My main objective for sharing this project is to understand what investors care about before, during and after an investment is done, so I am willing to answer all your questions and share with you all, the information related to the project.

Happy to help answer any other questions.

Really dig into all reviews, on both sides, tenants and owners.I used David Green's book on OOS investing and used the questions he said to ask, then heard how they answered it and I asked them about situations and how it works.I do recommend asking them to describe how they make a unit rent ready. 

Most DIY landlords have no clue everything involved in professionally managing properties, so their answer is always - TOO MUCH:(Wish we, as PMC, could track everything we do for our clients by time and then charge them like attorneys do.Here's a breakdown though:Monthly Management Fee: Typically 8-10% of collected rent, but several companies are now using a flat fee model of $79-149 monthly.

I'd love to answer any questions you may have about it.

I would recommend browsing the forum and seeing who is answering questions similar to what you might have, going to the "build your team" section, and/or scheduling a conversation with a couple candidates and see who you think would be the best fit knowledge wise and price wise. 

If the city authorities get wind of that, they could very well ask you to return it to it's original state.As always just my opinion.

Short answer is "Yes" but there would have to be a few things that would need to fall into place. 

Hey Elvis,This post popped up and I hope you found an answer to your question.