If they have Freddie Mac or Fannie Mae agency debt, they are required to have a third party management company.  

As a schedule E filer, my experience has been that banks are checking my net income per property plus W2 income against my debt as a whole while overlooking revenue altogether.

Decent locations, adding value, cash flow, prudent debt, and reserves.

If you're trying to purchase the LLC and refinance current debt as the new owner, the mortgage lender may require seasoning to make sure you have skin in the game.Taking over an LLC is a great way to control the assets of the LLC for a minimal cost in many respects.Stephanie

A high debt service coverage ration - Other way of saying this is how much can occupancy drop and you still pay the mortgage.Syndication is a great way to get into a deal out of state that will have the size to meet requirement 1 and if your sponsor is good they will setup the deal to meet 2 and 3.For example, we know that occupancy across our portfolio can drop 25% and we can still pay our mortgages.

This number will vary with the timeline since the timeline criteria is based on a predetermined set of financial goals...which in tern is based on either total personal debt items to be paid off, or cash flow needs for specific monthly bills.

But I continued to buy rentals and I'm glad I did.Do you have a strong financial position - no or low credit card debt, low overhead each month, etc.?

He is very risk averse and extremely happy with the results.The main question to ask is do you want debt or equity partners?

I think that point also can get lost in the discussion of who "deserves" a break, fairness, etc.Would it be "fair" for me to ask a bond holder to forgive my debt since I am having such a hard time? 

.$950:  GSR$48:    Vacancy (5%)$143:  Repairs and CapEx (15% combined)$95:    Management (10%)$50:    Insurance$50:    Property Taxes$374:  Debt Service (20% down, 4.25%, 30-year)   =$191/month cash flow (12% CoC ROI on DP)Now imagine this is a quadplex with lower per-unit costs and some efficiencies of scale (a few more expenses, too).