On top of that, there is usually a delay while waiting for parts to arrive and then scheduling a second visit, all while the tenant is without a functioning unit.At that point, replacement starts to make more sense for me.

You came to the right place to build your network and knowledge base.This community is full of helpful tips and solid local Real Estate contacts.To make the most of it, use the search and keyword alert functions to find topics and people of interest.All the best!

Used Google Sheets and the PMT function to calculate the below assumptions:Monthly NOI: $1,586.60Divided by 1.25: $1,269.28 paymentLoan Value: $164,453.66Downpayment: $54,817.89Price: $219,271.54I know the owner of this property and doubt they'll sell it for less than $600,000, so it's not going to happen. 

Over time, this doesn’t just tweak the system—it reshapes how mortgage lending, equity, and capital markets function.

When underwriting your first purchase, I’d encourage you to run the numbers so that once you move out, the property is cash flow positive and functions as a true rental.

It is a large and growing market, and buyers are often willing to pay a significant premium for the lifestyle flexibility these homes provide.For many buyers, this type of housing functions as an insurance policy against having to relocate again.

Nothing fancy or over-improved, just smart, functional upgrades that improve rent and long-term durability.

Just be sure you have all smoke/CO alarms up to date and functioning, straps on water heaters, eliminate moisture issues (aka the tenant's favorite word "mold"), etc. and all other requirements as the city's inspection list details and you should be good to go. 

Just 20 years ago, it was very common for PMCs to pay owners in the middle of the month - for the previous month's collected funds.Reasons were: waiting for tenant checks to clear, accounting often done on spreadsheets and just overall length of time to receive & process bills.Technology has sped up all of this.We actually do two bulk payments to owners each month, the 15th & last day of each month, for whatever tenants have paid to that date - in the current month.So, guessing your PMC is either:1) Still using spreadsheets as they haven't invested in PM software.2) Still following the mindset of, "this is how we've always done it".Some questions that will clarify:1) Do they have a website and how much functionality does it have?

They were supposed to be professionals and should have been able to function in a "normal" economic environment - all mine are performing in this environment....