All Forum Posts by: Patrick O.

I'd like to thank you guys for your responses. I'll be following your advice. And my apologies for posting this on the wrong forum

Hi, this is my first time renting to a prospective tenant. The tenant will be living with two of his brothers, one on disability and the other is employed. Is it recommended that we run a credit and background on all adult occupants or just the one who will be signing the lease? Is that too much to ask of the prospective tenants?

Reading between the lines, it sounds like your instincts are telling you it's not the right buy. It doesn't make sense to tie up your capital on a deal you're not confident in. That said, if it cash flows to your liking then throw out a low offer and see what happens. Maybe you get a counteroffer that peaks your interest. Trust your instincts and good luck 

I think the first thing you should do is take a long walk through your local Home Depot and take notes on the prices of materials. This will help give you an idea of what you're gonna want to spend on a property before proceeding