I was a PMP on a deal and i gave my partner 3 months' worth of the mortgage in advance to stabilize the property. We bought the property via SUB2 and he has never made a single payment to the mortgage company. I came ...

I carry a very small, very light 8 shot 22 caliber revolver everywhere that's legal.

I just got off the phone with a law firm doing the foreclosure legal work for a bank.

Is there a legal way to ensure they dont trash the place?

i find it hard to see how this would be legal and enforceable. there must be more to it.

That is basically an extra tax return, legal fees for setup, bookkeeping costs (if you aren't doing it yourself), possibly an umbrella policy.

If you use a DSCR rental loan it could be as low as 3-6 months of time seasoning required so it depends on what product you're using to accomplish the mission/goal.The time frame isnt a legal requirement, its a financing product specific requirement as a guideline to obtaining the money in which you seek.If you had other scenario related questions feel free to mention them below or via DM.

For both the applicant(s) and a co-signer, you want to understand their habits...financial, employment, legal, character, etc., as Bad habits in one area typically carry over to other areas, and will land you a poor Tenant (or co-signer) choice.

This works well for me but one thing to note about this process is you absolutely need to know your local and state laws very well so that you don’t break any rules or run the risk of being accused of discrimination, because you will be turning people down and should have a legit, legal reason not just that you don’t like them.

BP has some and also you can use Legal Templates to create one.