If so I'd recommend looking at RentRedi, it's free for pro members and it has a free prescreening application, and also does credit and background checks through the platform that the applicants pay for.

We have started down the road of fixing the place up, because we have a strong personal relationship with the seller, but it's time to get this in writing and set this deal up legitimately.I'm going to jump on YouTube and watch some Pace vids, but any other suggestions, resources, etc. would be greatly appreciated. 

It gives you great info and pulls their credit score for you, their work history for you, and sends you a completed application.

Your friend will have a difficult time with rentals because he's not screening the applicants or enforcing the lease well enough. 

As a lender who specializes in financing for real estate investors, I understand the unique needs of the BRRRR strategy and can offer tailored solutions to fit your goals.Here’s how I can support you:Flexible Financing Options: Various loan products designed specifically for investors like you, allowing for quick access to funds for purchases and renovations without the stringent requirements of traditional lenders.Experience with BRRRR: Having worked with many investors using the BRRRR method, I can guide you through the financing process, ensuring you understand the best strategies for maximizing your returns.Quick Turnaround: With a streamlined application process and quick approvals, you can move fast when you find the right property.Personalized Support: I’m committed to building strong relationships with my clients.

Give us a call or visit our website where you can quickly fill out an application. www.minolending.com/

Watch how these indexes move and you will get a much better sense of how the markets are actually reacting.STRs usually have a pricing hit to them versus a LTR with most lenders as well.  

Here are some ideas to get you started:1.Educate Yourself: Start with the basics—read books, listen to podcasts, and watch real estate videos (BiggerPockets is an excellent resource).

A good rule of thumb is to ensure that the tenant’s income is at least three times the monthly rent to ensure they can comfortably afford it.The process typically starts by collecting a rental application from the tenant that includes personal details, employment information, and rental history.

Interestingly, in the past few years that I've been watching Nomad, their reviews have gone from a solid 5.0 on Google (mostly fake I assume) way down to a 4.2 now.