I am familiar with being licensed thru nmls but never heard of any other type of certification  means nothing.. its just a private company non accredited.. 

Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision. 

I am passionate about helping fellow service members and veterans achieve homeownership. 

I'm a mortgage broker and can offer just about any product QM and non QM with competitive pricing. let's close some deals!

Application/Screen every tenantIMO I wouldn't allow pets since it wasn't leased with petsOtherwise a non refundable pet feeI would charge at minimum 350 upfront per pet or not allow them at all

You have to find the areas that are either zoned for Hotel and Resort or have NUCs (non-conforming use) certificates. 

As for starting a business, are you looking to start a "real estate" business or "non-real estate" business?

I'd insist that he find a non-related handyman or change PM's.I agree a huge red flag to me is 24 hours of labor.

When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that the land itself is not depreciable.

I would be very careful in working with a 1031 Exchange Qualified Intermediary that provides ("sells"0 replacement property solutions as part of their services.