Hello- I have a. situation that I need some clarification and understanding.Situation: My wife is the Conservator and legal guardian of her mother who is in memory care.

I sold that in 92. next iteration was 2002 when I started a new lending company in Portland OR to specifically fund Turnkey buyers in the mid west doing BRRRR loans we killed that.

The midwest and specifically Chicago has always been slow and steady - thank you for giving us a shout out @Scott Trench!

The greatest and probably only leverage I have as an out of state investor is the proof of funds to show I have the liquidity and the risk tolerance to average 2-3 deals per month.The Yelp thing is specific to California and only for companies.

One more thing, especially for people who don't meet my criteria, besides more deposit is required, I also do a interview with them, not interrogation style, more like a friendly conversation to figure out their situation.

It's important to ask yourself, and be honest with yourself, how you would handle managing tenant situations if you were to become a landlord.

You’ll want to check if your specific work falls under their home improvement contractor licensing, or if there are additional local permits required depending on the county.

Another thing to consider is your goals for this first house hack and your living situation.

This is true for all private money lending situations..

There's a very specific ways to calculate FHA income, and it will be highly dependent on how the deal and your ownership is structured.