Also, keep in mind that some markets have a requirement that landlords have a locally registered agent (manager).5.

It's definitely possible to get a loan as a foreigner but the rates will be high(er) and the downpayment required will be as well.

Except that you will be required to get a loan for $200k or put another $200k from your pocket in to the deal.

If you do decide to help them out and rent continues to be late simply have a talk wiht them and remind them that rent helps pay your bills and since you did them a solid ask for the same in return.  

Purchase price: $275,000 Cash invested: $45,000 Sale price: $400,000 Contributors: Adam Schooley This townhouse, which had gone through probate, suffered from significant water damage to the drywall and required updates throughout.

3️⃣ Local Regulations: Before you invest in a short-term rental, it's essential to understand the local rules and licensing requirements.

The issue I had was that most lenders required a certain number of completed flips done under a LLC.

Our laws require us to offer a rental first come first served (first completed application that qualifies must be offered the unit).

So, we require a nonrefundable Retainer Fee for 90 days of our time to find a rental property.

Now more than ever, I am seeing offers required to be submitted through a portal where the listing agents want no business being involved with up front negotiations.