Second would be leave the paid off one's alone and use them as a financial base and security.

Before I looked at the deal, here's what I asked from him:The purchase and sale agreementRehab breakdown documentation2 HUD statements of previous dealsDeal info (Property profile, funding, security, repayment plan, etc.)Title company involved in the transactionWhat I also asked for was a term sheet from the hard money lender that was lending at first position.

Hello All,I'm curious if there has been official data that compares appreciation of new construction to already built homes.

An official background check and personal referrals can help you identify red flags unrelated to finances, such as poor tenant behavior or previous criminal activity.

Your decision comes down to how long you want to hold onto the property and whether you can secure financing to make that happen.

People tend to think that because of how some gurus make it look, but it's the absolute opposite of a side hustle.You don't need to do an official inspection on the house; I don't know where you got that idea.

In that case, you would need liquid assets of at least $9,000 to secure a mortgage.Calculating How Much You Need to Begin Investing in Real EstateLet’s do the math to calculate how much money you would need to buy a residential rental property as an investment.

All good suggestions--if you find this becomes a bigger issue, one thing we have done in the past is offer back the security deposit in full to get people out. 

The local banker pulled a few strings and helped them secure a short-term loan while things got sorted out.

It sounds like the oversupply is really affecting the market there, and with rents dropping by 8%, it might be tricky for investors to secure solid returns in the short term.