All Forum Posts by: Mark Bookhagen

Transfer the property to an LLC* and have the operating agreement spell out the details. Lawyer recommend.

*Due on sale risk

Be patient for the right tenant. They will either make your life easy or hell.

M & T Bank does portfolio loans. Peter Sugg https://www.mtb.com/mortgages-loans/mortgages/find-mortgage-loan-officer/peter-sugg

Once you are a landlord for 2+ years, you can use that income when determining DTI.

You're off to a great start buying a home at 20 years old. I'd suggest cutting your expenses as much as possible so you can save up a down payment for your next purchase. Evaluate purchases on a case by case basis (i.e. Do I NEED this?).

https://amazingprospectingletters.com/probate-prospecting-letter-to-executor

Congratulations! 

Find the owner's address, mail them, find their phone number, and call them to follow up on your letter.

No need to reinvent the wheel (assuming you qualify for a standard convention loan). Or if you don't currently have one, you can even do FHA.

Realtor.com and Zillow are fine.