he placed an offer last week on a property just south of sdsu but the seller is in denial and apparently not serious about selling (seller is in serious danger of a foreclosure).he is concentrating on 2 categories both that must have value add opportunity.- flips: the offer last week was a down to stud flip.- house hack of small MF ideally with below market financing (assumable or owner financed far preferred to sub to)Be patient in both the search and the hold.  

@Zachary Russell here's a quick example of the 5-8 unit program that I utilize most frequently for commercial multifamily:• 75% LTC• 7.75% interest rate on 30-year fixed term• 1.20+ DSCR minimum• Basic DSCR calculation, no expense load: DSCR = Income ÷ PITI• $350,000 minimum property value ($250k min. loan amount)• 80% occupancy requirement

Second, I frequently hear people use the word eviction when they really just want to non-renew a lease.

Are renters staying longer or still moving frequently?

Communication Less frequent, primarily for issues/renewals.

We are out of country but do have the ability to travel frequently.

So beware of going to a service they will switch out who is working on your property frequently leading to bad results. 

Quote from @James McGovern: What I find misleading in these discussions are1. should pm be held responsible for choosing a bad tenant and any associated eviction expenses 2. what is a reasonable markup on top of whatever a contractor charges3. what reports should landlords receive on at least a monthly basis4. how frequently should a pm put eyes on the property 5. should a pm be held liable for vacanciesI'll play:)1) Only if:- They don't follow their own procedures- The owner doesn't pressure them about the length of vacancy, forcing bad decisions.- Also depends on if Class A, B, C or D property, which impacts probability of default no matter what PMC does.2) Negotiable, but most PMC's charge an hourly rate, which includes their markup.

Concentrate on the stuff that makes a big difference FIRST; you can “fine tune” and “optimize” later.   

It's less them lowering and more so the market affecting it.If you wire money out to external banks frequently, then yes, that $15 fee will add up. 1% cash back discontinuing isn't great, but to be honest, I've always been an advocate of cash back reward business credit cards instead of debit cards.