Be extremely cautious when processing your next applicant, this one seemed doomed from the start.

., funding, management, deal sourcing) based on strengths.Bylaws to Include: Cover profit/loss splits, decision-making processes, buyout clauses, and what happens if the partnership ends.

To streamline this process, I include a 3% yearly rental increase in my lease.

There is nothing about how long you need to occupy the property for.So unless our lender puts a demand on us I see no problems legally in occupying each property for any amount of time to fulfill the requirement, then rinse and repeating this process up to our full entitlements, so long as the lender is willing to keep giving us loans.

And then if you get a squatter in a pro-tenant law city, it'll be a long process to get them out. 

If you're lucky, you'll get some money from him and can consider it a bonus.I recommend you tighten up your process.

The screening process plays a big role in the odds of collection.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

We don't pay much store to cosigners but when we do get them, we run them through the full application process.

Remember, many sellers are looking for solutions to problems, so your role is about providing a service as much as closing a sale.As you navigate the wholesaling process, keep in mind the importance of due diligence.