Credit and Loan Requirements: Traditional lenders usually require strong credit, significant down payments (20-25%), and a proven track record, which can make it harder for newer investors to secure funding.Could Private Lenders Be the Solution?

They need to keep a solid record and provide statements monthly of the reserve account for you. 

Unless you have a LURA recorded on the property you can take Sec 8 tenants at any time, your choice. 

I want to make sure I’m keeping up with appropriate record keeping but with only one property, I’m not sure how to format a cash journal?

So you’re stuck with a problem. if you have a good real estate agent that wants to help you, that person will request proof of payment ie bank records showing the tenants pay regularly … but I’m no expert. 

You also must know your numbers and have a real deal.Other reasons may be that the deals presented do not make sense to the lender or you don't have a track record.

This was recorded in April 2020, but I reposted it today since my old account is no longer active. 

The requirements are:1 - You must be personable and have the ability to answer questions with more than one word answers.2 - You must have high-speed internet of at least 15 mb/s (preferably 20mb+)3 - You must have a web camera (we record audio and video for all shows) and we do require a decent microphone.

Your borrower might not care anymore.Check for any recorded mechanics liens.

You're right, I should have said once a year or more....because one of the main benefits of the inspection is to have a professional on-the-record.