Verifying last 2 years of rental history very important!

Be sure to call the planning department of where the property is located to verify the STR process and procedure.

Working on the rest.We rank them by Class A, B, C & D.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, we recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

However, one recent sale in the area was 109K for a .15 acre lot, however, it was verified developable and had gas, electric, and water at the street.

Verifying last 2 years of rental history very important!

I would just check with your lender to verify that the property will be eligible for refinancing after the construction loan.

Regardless of what your RE PRO or the listing broker tells you, verify from the horse's mouth directly and ideally in writing that the property is eligible and the specific application process. 5.

Per the county, they do nothing to inspect the building - they only verify things like setbacks, impervious surface %.

Only one couple has actually submitted an application.Although I need to verify some of their application details, it appears like they meet all my requirements.

Verifying last 2 years of rental history very important!