This process is done immediately if there is an asset they can show....the wrap note that is an asset.One of my coaching clients is selling his personal residence like this after he gets done with his forensic loan audit so that he can downsize.

Tax and Legal ConsiderationsUnderstand the tax implications and legal responsibilities associated with rental income.

He ended up having to sell the home instead of renting it out, which wasn’t part of his original plan.

PS: Here is a detail tip.

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.

👋I work with a lot of investors who are diving into short-term rentals, and I wanted to share a few tips I’ve picked up over the years that can really help maximize ROI.

(you gotta get the wife on board first😁)I probably won’t do an OOS BRRRR yet but maybe something that the repairs are not as extensive if I can find a deal with working numbers.Tanks for the response. 

When the lead came in, it was from a brother who inherited a house from his mom.

Mike I think Don was making his point with Passive investing what your talking about is active investing. 

Quote from @Tangie Pate: Has anyone purchased the Lee Arnold System and used his pre-trained virtual assistants?