I literally send letters that say "Only two things are changing: Where you send the check, and who you call for repairs" and we still lose 50% of the tenants in the switchover...

I ended up using BOA (my bank for the last eon) for my biz account, just a simple checking account.

Hello @James Wilson, @Greg Harriman.If you haven't already, you should read up on the BRRRR strategy, it's pretty simple but has a lot of potential for your situation, and it nicely sidesteps the DTI ratio issue:Buy: with hard money, advantage here is that the property is paid for with cash, so you can just put in an LLC immediately.Rehab: either with the loan or your capitalRent: get a tenant inRefinance: ideally, start this process as soon as you buy, look to cash-out and essentially have a new property at 25% down, on a nice 30-yr. term.Repeat!

Now what i suggest to you is, becasue i literally talked to over 50 Attorneys and ****.

A lot will need extraneous work as people literally destroy them just because.

It should be that simple, the management company just needs to record the lien release with the county and then you should be on your way.

-Gross Income: $1,700 / month-NOI: ~$1,150-Mortgage: $509-Cash Flow (with maintenance, CapEx, and vacancy): ~$620 / month-Cap Rate 9.6%-CoC: 19.5%Admittedly, turn key was even more simple than we expected.

There are literally bidding wars for some game day rentals up here, sometimes pushing the price up to that $8,000 I mentioned above.

Its just a simple registration process....that takes about 2 months!

The hardest part was dealing with the exterior repairs -- even something as simple as paint was often delayed by months if the weather didn't cooperate.