**Lease and HAP Contract**: Once the property passes inspection, you can sign the lease with your tenant, and HUD will set up a Housing Assistance Payment (HAP) contract with you to begin rent payments.

I’m also an investor, 3 doors right now, but looking to hopefully get more doors through multi-family units.Looking to connect with other investors if I can be of assistance and/or agents to share experiences! 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

So, we are somewhat covered.My employer has an Employee Assistance Program that includes some legal help.

Open communication is key in maintaining a positive landlord-tenant relationship, and being transparent about potential changes can help avoid misunderstandings.

Keep in mind this doesn't account for rehab, repairs, and reserves necessary to maintain rentals.

Optimize your finances by reducing debt, boosting credit, and maintaining strong cash reserves.

To maintain my rates, I had to offer more than the competition, which also increased my costs.

One option is ServiceLink, which provides auction services and maintains listings for properties that have been foreclosed and are now available as REO properties.

I just maintained it, managed it myself and then sold it to the tenant.