I don't want to go back on my own word in any way, obviously, and had stated the lease was for a year.Now I plan to use apartments.com going forward for leases and rent collectionThe newest lease with a different tenant is plainly non-renewable and requires a new lease to continue tenancy after a year and outlines fee costs.

If you give someone over 19% membership interest in the deal, the bank will usually require a personal guarantee from that individual. 

Quote from @Dana Yobst: Quote from @Julio Gonzalez: @Dana Yobst While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

Getting a good painter at a reasonable price requires persistence and comparison shopping.

There were several mistakes made on my tax returns that I pointed out, which required going back and forth with their tax preparers.

Requiring occupant to have renters insurance is another possibility for extra protection.

Newer construction code requires better earthquake-proofing, but it's still aimed at preventing a building collapse rather than holding the value of the structure.About 15 years ago there was all the talk about "100 year homes" but I haven't seen much come of that.

Because of my savings and lack of expenses, I'm in a very comfortable position to make my first move, but because my income is mid, I'm unable to meet the Debt-to-Income requirements to qualify.

Starting local offers hands-on experience and control, ideal for learning the ropes, while out-of-state investments can provide better returns but require a reliable property manager.

I am sure the interest in that hard money isn't great.All DSCR loans I have seen require at least 12 months.