I figured lowest money out of pocket was the best way to go, and in this case FHA would provide the lowest downpayment.

., income, credit score, rental history) to evaluate applications in the order they are received.Notify Applicants: Let each applicant know you will process applications sequentially and explain your timeline for review.Act Promptly: If the first applicant meets your criteria, move forward with their application and provide them with a clear deadline to sign the lease and pay the deposit.Move to the Next: Only if the first applicant does not meet the criteria or declines the lease should you proceed to the next application.By focusing on one application at a time, you simplify the process, maintain transparency, and mitigate any potential fair housing concerns.Lastly, since housing laws can vary by location, double-check Arizona’s landlord-tenant regulations to ensure compliance with any local rules about how applications are handled.Best of luck with your rental process!

In this case, you would draft an operating agreement that specifies each partner's role—your friend providing the cash and you handling the rehab and management—and that profits and ownership are split evenly.

I've seen it happen countless times, especially from one company here in Birmingham.2 - Hire your own home inspector. do not use any home inspector a turnkey provider recommends.

I am going to start a company website to host the pictures and provide a little explanation of what we did. 

Such deductions could result in substantial refunds, providing critical financial support during a challenging time.Residents may also explore disaster loans or grants offered by the Small Business Administration (SBA) to cover damages or losses.

The main hassle of conventional lending is being able to provide proof of income and seasoning.

Hey Steve we put on 2 monthly forums in Scottsdale. 1 for fix/flippers and the other for STR investors, no sales pitches or courses just a market update and networking with other professionals and service providers!

Some mortgages also don't allow a second lien on the property, so how do you provide the seller with assurance?

I recently looked at an existing STR, but either the seller did not track the expenses or they did not want to provide them.