The calculation takes more than just Rent and PITI - they consider other expenses like vacancies, management fees, utilities, and more especially for full-doc programs.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

Franklin As long as you're looking at things in the long-term, screening your tenants thoroughly, staying engaged as the property management, and are diligent about increasing rents the maximum every year, you should be fine.

Any advice on managing this situation, reducing costs, or navigating the permit process would be greatly appreciated.

An attorney can provide customized contracts and documents that specifically address your needs and legal concerns.

I own and manage a single-family home and a 4 plex in Metro Detroit.

I just couldn't sit idly by and watch someone try to manage getting a contract negotiated, signed, and moved through to closing when it was obvious they weren't sure what they were doing most of the time.Instead we offer a 1% full service listing (it's flat fee in that we don't tack on anything else - no technology fees, no transaction coordination fees, no marketing fees, etc) - we're just 100% virtual.

I’m in swfl and looking to invest in real estate straight out of high school, I’m creating a LLC to sign documents legally.

All money would stay in the company for repairs, management, buying new properties, and paying taxes if necessary.

I currently own and manage 3 duplexes near Indiana State.