I hope this advice helps, and feel free to reach out if you need any assistance or contacts.

Common expenses include:- Attorney Fees: Legal assistance for reviewing contracts and ensuring compliance can vary based on the complexity of your deal.- Title Insurance: Protects against potential disputes over property ownership.- Appraisal Fees: Necessary to determine the property’s market value.- Closing Costs: This can include various fees related to finalizing the loan, such as recording fees and settlement costs.Inspection Fees: If required, this ensures the property is in good condition before purchase.It’s a good idea to discuss these potential costs with your lender upfront to get a clearer picture of what to expect.

Any assistance will help, as we really do not have funds. 

@Oladimeji SonibareRegarding Facebook Ads and the discussion about legitimacy in presenting yourself as someone who can assist these people, I’d offer this suggestion: Continue targeting the same audience on Facebook, but adjust your concept and marketing message.

Glad to connect & be of any assistance as you get started.

I would also charge a lot more than I would for a residential rental.Honestly, I wouldn't recommend it unless you've really studied it and understand how to protect yourself and earn fair compensation.

If they are in a challenging financial position, I might offer to assist with moving costs.

Get a cost seg study done.Once you convert your primary residence into a rental, you can get a new cost seg study done and take bonus depreciation to offset the new rental income.5.

I use virtual assistants from the Philippians or get a gig on Elance to do all that grunt work.  

I call my banker and if he is not there his assistant handles our needs..