They're a great solution too.

Focus on DSCR before cash flow.If the deal doesn’t support the debt safely, cash flow numbers are meaningless.

Mostly focused on managing what we have and getting the operations tighter.There is no perfect solution:(Most software developers seem to have little industry experience, or designed their product specifically for what they wanted.RentRedi is a pretty cheap option, do is Doorloop.Both have major drawbacks, but are better than spreadsheets.

However, all my savings are tied up, which makes me look at the said condo as a potential solution to "finance" my second investment.

The last “investor friendly” title companies, or agencies, went down with the SAFE Act, the CFPB, and the increased regulation and scrutiny thereof and there after. 

My challenge is I got into hosting for the tax / w2 benefits which get eliminated with the PM solution.... 

This really is a great market, but there are a few local requirements that often surprise people after they close.If you’re investing here, make sure you’re familiar with:Lead Safe Certification for pre-1978 rentals (this trips people up a lot and is the most time consuming)The city’s Local Agent in Charge requirement if you’re not localRental registration requirements for LLCs This is in no way trying to scare anyone off — I have seen too many happy investors become frustrated when there is a delay getting the property on the market.

I think a decent rule of thumb is 5% for each and you might even go slightly less after a major rehab but if you update these to 5% each I think you would be safe as long as you set aside some reserve funds to start with. 2.

Hi everyone,I’m currently in a tough spot and looking for some creative solutions or referrals from the BP community here in San Antonio.The Situation:I am currently approved for a loan through the NACA (Neighborhood Assistance Corporation of America) homebuying program.

And Warren, spot-on about bedroom functionality trumping oversized baths in this price range and appraisal perception mattering more than "wow" factor.We took your feedback and landed on a great solution: larger bedroom (comfortably fits king + nightstands + dresser) + super functional primary bath that STILL includes a soaking tub, walk-in shower, nice vanity and great lighting.