If you want this to be your business, having access to the most capital at the cheapest rate is a necessity.

@Bruce Schussler   I am always suggest my borrowers stop at 60% loan to value when utilizing this strategy.  60% is the loan to value where the loan would qualify for the best possible rate.

She heard me out and then explained the fee of $500 a month stops once place is rented . that was a big relief  .

@Sonya Brown sorry but where would I find access to courthouse docs or Randy?

In their mind, they just need some local knowledge and access to off-market properties.

All sarcasm aside, no, please stop, and don't do this.

Often, those companies have access to like-kind inventory as well that can assist when you get to the identification phase.

And if that doesn't work, we start quoting the lease in a factual, bullet point kind of way with no drama or finger pointing and always ask them to stop in to talk about it.   

I've built several homes in the area and stopped targeting that zip code entirely several years ago.

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