That means your equity must grow from 3.5% (your FHA Down payment) to 25% - 30%.  

After a couple of months using cozy we went back to rent prep because their response time was quicker.We have gotten back screenings at times in less than a few hours.We use Cozy for payments and rent prep for screening.

My partner and I own 1 rental which pays the mortgage payment and will cashflow next year.

hey Matthew - very good point. my Wife and i have been living in our current home for about 7 years. we have a decent amount of equity. we are looking at a new home as an upgrade and i have been tinkering with the idea of renting our current home out instead of selling it so we can build even more equity.the rental estimate versus what we pay per month would be tight; we wouldn't profit much. this is a concern.secondly, renting the current home eliminates any profit for a down payment for the new home. however, i do realize the direction you are recommending; "park" the "100k" in the new home and keep the current home as a rental property?

If you can deny the payment, you should. 

What I have done also is if I have to front the $ is I get them on a trial payment plan to increase their monthly payment to pay down those advances.

And since the loans are 30 year loans, the payments are lower which help you qualify for future loans. 

Never missed a payment.

Your debt payment will be 5k-6k so you are gonna need some quality income to make it work. 

All of the accounting work is done with quickbooks, so I believe I'm looking for software to best help out with managing tenants, leases, payments, showings....etc..Thank you,Bobby P.