Want to act as though I am a tenant as well and setup a 3 unit structor.Goal is to keep CPA workload light and maximize my profits while limiting costs.Was thinking - 1 Business Checking account (Property): tenants Zelle rent to and all bills are paid out of, reserves (Cap Ex, Repairs, Vacancy) kept.- 1 High Yield Savings (Business): Majority of CoC return deposited for funding future business acquisitions (earn some interest while building funds). - 1 High Yield Savings: for deposits (pay tenants required interest and transfer rest to Business Savings account.- Personal Checking: Drawing funds, receiving refunds for business purchases, add funds to business account if needed.I made a terrible drawing to help as a visual aid.

Keep some cash reserves if possible, or if need be build them up.

SFR Or townhome NO HOA.My Budget: Anything below 225,000Loans I will be using: -Navy Federal Credit Union: Home buyers Choice.Or-5% Conventional loan.  

Hi everyone, Looking for some advice on getting a problem tenant out of my Georgia rental asap when I have a federally backed loan and under the eviction ban for rentals at the moment.

However the reserves requirement can be a bit tough for some?

Hard money and a line of credit are my top choices as I have more than 50% of this budget saved, but need to fill this monetary gap while leaving enough of my own cash in reserves.

Large or frequent assessments mean the management is not doing a good job, and they don't have enough money in reserve to cover normal expenses.  

@Cody Smith my advice would be to be debt free with a solid emergency fund (personal) and a solid reserve fund (business) before investing in RE.

Ask if the EPA is involved, what state requirements need to be met, renewal process, any federal or state violations. 

Take your time, build up credit, income, reserves, and you'll find it in time.