A professional manager does not eliminate the tasks, they just have a system that handles the uneven load.I have not pulled the trigger on hiring a PM yet, mostly because my vendors are good and my tenant base is stable.

When the price drops, and I expect a bigger drop, the trolls come out.  

If values drop a more modest 12.5% HALF your equity is wiped out.  

Drop your real experiences below, good, bad, or ugly.

I plan to continue doing MF deals, but I’m looking for ways to accelerate cash flow.I’m currently leaning toward:Short-term rentals for higher cash flow potential, and/orOther strategies that improve income without significantly increasing riskWe’re based in North New Jersey and work in NYC.

Someone with a 550 score that could drop to 500 with a rental judgement against them is losing $hit because their credit score already sucks.  

If you're dialing 300/day but answer rate drops from 15% to 8%, your pipeline looks full but it's hollowing out.

Should I wait a few more days before dropping price again?

Overleveraging individual loans and entire portfolios has cost rookie lenders dearly in every market correction.Professional lenders structure leverage based on downside scenarios, not best-case outcomes.

If rates drop over the next few years and your mortgage is below market, you'll attract buyers who want the rate.