The loan process was painful, drawn out, and required much more documentation then the commercial loans that we write.

Some investors have success writing a personalized letter to the homeowner with a solid, attractive offer to buy the home.

We write our leases to expire late spring or early summer.We had an Escondido tenant break lease moving out Dec 31 (terrible time).  

Even if the bias isn’t political or socio economic, writers NEED something to write about, and if there’s no new and thought provoking change in lifestyles, let’s promote one we want to be true.  

I provide them with the rent amount and they write a check in their name.My wife and I with my VA disability make $64,100+$88,608+$17,840=$170,550 or $14,212 a month or less.

However, if the renovation significantly improved or upgraded the property, you might need to capitalize it as an improvement, depreciating it over 27.5 years.If this was STR, you could write off the improvement under bonus depreciation as well.

I use turbo tenant on my rental because I like the buffet style business model. 

Some other measure.... or some combo of the above or any other fair & equitable method appropriate for your situation.As long as it's easy, clear and well-explained in writing - and plainly laid out in the Tenants' leases - it will be fine! 

Its all about the style and amenities in BR right now. 

If they lose some or all of their capital the LP with newbie syndicator then they make it up in a month with other investments and have tax write off.