Should it be outside of current escrow?

We listed the home on Sept.1 and currently have 1 tenant who supposedly moved in on Nov. 1.

I live abroad in Bermuda and I'm currently unable to buy property there due to restrictions and transaction taxes.

First year was fine on property taxes, and we were cash flowing great.  2nd year the property taxes went up and not enough escrow was taken out by the lender, so now they're trying to catch that up and predict the current year, so mortgage essentially went up $1000 monthly, thus killing my $500/m cashflow and making me a $500/m loss.  

A more accurate example of what I do is provide the turnkey experience to investors on assets that are not currently in turnkey shape.

I just sold a duplex for $520,000 in four days, even though the current income is $1800/month and the market rate is only $3,000/month.

Goodmorning BP community my husband and I currently own one rental property that is fully paid for and we would like to start thinking about getting the second one, the problem we have is my husband doesn’t have a job so he wouldn’t qualify for a regular refinance.

Currently thinking a DSCR or Private money lender would be best bet.

Every Friday they'll have their hands out, even if there were down days or injuries.Better to let a real Contractor handle this, they'll have multiple jobs and a lot more profit margin to dip into to cover their overhead....you should be handling the overall project decisions and going out and finding the next project, not running a kindergarden (as I used to call it :-) Thanks @Bruce Woodruff I do the majority of the renovation & labor currently.

I am currently under contract on a fixer-upper Farmette (Maryland).