Additionally, some syndicators are mostly in the middle-person role of sorts; partnering with others who do the primary LOI/PSA/operation roles.

Bank Credit Line How did you add value to the deal?

Incorporating a washer-dryer hookup in the main house could be advantageous.This addition not only increases the convenience for potential renters but also adds value to the property itself.

No reason stated I had great credit score cash on hand excellent properties.

If we sense there is a red flag, were asking them to upload additional documents like tax returns w2's etc.

The only additional thing we do is send them to collections.

If things work out, we'd like to have at least 1 additional property before the end of the year and have 8 in 8 years.

Additionally house tenants bring more of their own appliance, like refrigerator, washer and dryer; which means tenants are responsible for repair and replacement of their own appliances. 

Personally, I follow this standard for every application I receive:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)This process has helped me place quality tenants over the years.

The banks/credit unions said I needed 6 to 12 months of ownership to get refied.