For condos, they have to have a vote and changes to the rules need a certain percentage of the votes to pass (and not always 50%, sometimes 2/3 majority).

If one spouse or partner makes W2 and not a percentage of owner we can use just the W2 to qualify if it’s enough.

I suspect a fairly large percentage of RE investors are using value adds to magnify returns

You can also pay your co-host directly or can set up the payments to pay the co-host a percentage out of every booking. 

I've never met a GP who feels that they should have to put a meaningful co-invest and serious percentage of their own net worth into a deal. 

On average, what percentage of revenue are going towards operating expenses?

I wouldn't touch a 2 million dollar luxury home. the land cost at 400k is too much as a percentage of the after built value too. we try to underwrite 10% and normally try to buy land that has 5x multiple through zoning or entitlement for additional upside.

Will,That's a question that involves a lot of detail and conversation to map out the LLC, Financing, Grants, and percentage of partnership should you decide to acquire more than 5-10 properties.Feel free to reach out if you want to discuss the scenario and I can try and detail some tips from my experience. 

Not in a rush to refi but when I found someone who claimed to be offering something at nearly an entire percentage point lower I wanted to do it and take the other person off the loan but not going to refi for a higher rate obviously.

It's that lightbulb moment where you realize that even after paying the surcharge to pay a mortgage with a card, you still earn positive cashback, making your net interest rate on your mortgage effectively a negative percentage.  8% cashback - 3.5% pay by card surcharge = 4.5% free money, and considering my mortgage interest rate is 2.75, that effectively means I pay no mortgage interest and still earn 1.75% free cashback.And the best part is that this passive cashback is generally speaking not treated as taxable income.