Short-term loan size at 70-75% of ARV is a routine rate-term refinance on the eventual long-term loan.

@Chien LowChien, a lot of landlords run into this—I’ve seen a few good options: some property managers offer inspections as a stand-alone service, there are third-party companies that do quarterly walk-throughs with reports/photos, or you can even have a trusted handyman do routine checks (filters, smoke detectors, leaks, etc.).

I routinely have alarms triggered by inept cooking or (more commonly) indoor smoking. 

Syndicators who bragged about how smart they were, showed off fancy lives, cars, private jets, and mansions, second homes, and wrote books and sold expensive courses about how smart they are at investing are being exposed all over the place.

Air conditioners are harder because some parts may have been replaced, but using the manufacture date is usually a good starting point.Calculate the remaining useful life by subtracting years in service from the useful life:Calculate monthly provisions as follows:AC compressor: $2,500 ÷ 16 years ÷ 12 months ≈ $14/monthWater heater: $1,500 ÷ 3 years ÷ 12 months ≈ $42/monthTotal monthly provision: about $56You may have more high cost items, like roof replacement.Base MaintenanceIn addition to major components, you should plan for routine repairs—things like dripping faucets, slow drains, or minor fixes.Across the properties we manage, the five-year average for these base-level repairs is about $400 per year.

A student of mine ran an AI routine on a problem he was having, and to him it was a reasonable answer, but I could immediately see it would get him sued.How do you verify something from AI ?

Although people fancy the Fed as A political, that's not really the case. 

The IRS wants to see routine paychecks if you file this way.But once you are sending yourself the cycle checks, you can always make up a one-off check and send it to yourself on top of the cycle checks. 

I could actually use the extra time to build a routine around learning, analyzing deals, connecting with agents/lenders, or even doing some side work like inspections.

From an owner’s perspective, here’s what I personally value most in monthly reports:Clear, concise financials – A simple cash flow summary works well for routine months, but I appreciate the option to dive deeper when something looks off.