Our laws require us to offer a rental first come first served (first completed application that qualifies must be offered the unit).

The issue I had was that most lenders required a certain number of completed flips done under a LLC.

Now more than ever, I am seeing offers required to be submitted through a portal where the listing agents want no business being involved with up front negotiations.

Becoming a property owner.The hardest part about this right now is underwriting deals, remaining patient and disciplined.Outside of that, the actual details of managing the property are only hard if you do not have systems in place, delegate responsibility, and don't fully comprehend what physical asset investments require-- capex & opex heavy.

The strategies require a good amount or luck and effort and sometimes finding and taking advantage of a seller with equity.

3️⃣ Local Regulations: Before you invest in a short-term rental, it's essential to understand the local rules and licensing requirements.

I have a few lenders who do but they still require some money from the borrower so they have skin in the game.  

Except that you will be required to get a loan for $200k or put another $200k from your pocket in to the deal.

So, we require a nonrefundable Retainer Fee for 90 days of our time to find a rental property.

Purchase price: $275,000 Cash invested: $45,000 Sale price: $410,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.