I would talk to a lender about the 3.5% FHA rules and regulations as far as the self-sufficency test goes. 

As best you can find out the regulations and if possible the sentiment of the community. 

My practice is to send a .pdf copy of only the first one or two pages of the DU showing approval only and strength of qualifications such as Fico Score etc...   

We have everything you need to manage ready in a can: photography, advertising, application, leases, rules and regulations, smoke detector notices and all other forms you need and background check (we do this a lot).

I know they have regulations but it seems from the government website you can operate in commercial zones (C-2 C-3 C-4 C-5 UGCCC, IX, RF, RV, CX, SH).

Investing in property management and staying informed about local regulations are essential.Good luck!

I raise this because there’s no true regulations and it’s truly the Wild West of lending with tons of questionable participants. 

Here are five important things to consider when making your decision:Certifications & Licenses: Hire a firm with AMO accreditation and CPM professionals to ensure best practices and ethical management.Local Experience: National firms aren’t always better.

It can be set to auto-classify trips as well.Best practice is to keep it up to date (i.e., classify your trips) frequently. 

Network, underwrite deals, and practice your pitch until you discover your role within a team.4.Enjoy the Journey: Real estate is a marathon, not a sprint.