I fronted the costs and asked the tenant to pay $50 per month extra until it was paid off and told the tenant to only flush toilet paper down the toilet.

Tenants would rather pay the extra money for a house at that point.

Applicants either meet the criteria or they don’t.Point systems can be helpful internally, but the challenge is when exceptions start creeping in, such as extra deposits, co-signers, or subjective explanations, which can open the door to inconsistency.

You avoided all the extra hoops that come with an investment loan, and that 2.9% rate is absolute gold, so you’re right not to give it up.You've gotten some good answers others have mentioned, you technically could try to move the property into an LLC by changing the deed, but with a conventional loan, that often runs into lender restrictions or due-on-sale issues.

Thank you.OWNERSHIP ENTITY- Obtain copy of deed to confirm legal owner- If domestic LLC, confirm annual registration is current & who can legally sign- If foreign LLC, confirm registered in Michigan (where we & property are) & who can legally sign- If Trust, get paperwork showing who can legally sign- Confirm city assesssor & water dept have correct owner & mailing addressPROPERTY- Confirm we are added to insurance policy- Confirm property taxes are current- Lookup public records for property data- Confirm rental license active- Confirm no outstanding permits, assessments, etc.- TakeOver Evaluation Video & Property Data Sheet, share video with owner for possible repairs- Per owner selections on our PMA, have tax docs, water bills, etc. mailed to us.TENANTS- Send tenant(s) Welcome Aboard Package with TakeOver Questionnaire (confirms occupants, pets, how long there, rent rate, security deposit, who owns appliances, etc.)- Review previous rent ledger for patterns to be aware of, note their lease in PMC software- Try to convert to our Lease, to make it easier on our staff (we don't tell tenants they don't have to do this)- Opportunity to renew/extend lease with increase?

You are looking at two principles: dampening by adding mass and insulating/decoupeling to stop the transmission.

The strategy itself isn’t the problem...the financing is.Every time you refi, you’re adding a payment that a lender will see when you go to buy your own house.

I have a few outfits that do the FN loans but there is a lot of red tape and extra hoops to jump through, and the deal has to be very good and the FN client needs to be liquid, set up with a US LLC, US bank account with money in it. 

You need AI to provide you with pattern detection, outlier detection, casual reasoning, scenario analysis, narrative synthesis and decision guidance.Some things that you will need to be sure to do is making sure that your expense categories data doesn't vary from year to year and that you have everything categorized correctly.Last, I would consider two things: adding benchmark intelligence with ranges from that Frank Gallinelli book into the prompt.

Would be interested to hear what systems or processes have reduced friction without adding headcount.