Quote from @Andrea Lucarelli: I’m interested in beginning my REI career with purchasing a SFH or condo in Cleveland area (safe neighborhood) to list as a furnished rental for travel medical professionals, supply corporate housing needs, or house temporarily displaced families for insurance companies.  

Many states have a "reciprocal license" program to simplify the process.

@Jeanette LandI always recommend using a tax professional.

It may be worth having an experienced professional helping you and you could always try to get the seller to pay your agent’s fees.

I have programs that require only 10% down for the purchase, and will finance 100% of the rehab.

Every program has different guidelines!

Hello everyone,I’m expanding into the Chattanooga market and looking to connect with experienced professionals to help with upcoming projects.

So, you say will I want to take some cash out using the 200k value but most programs will require you to wait some period of time from 3 months up to 12 months for conventional before you can use that 200k value to pull cash out.This seasoning does NOT apply to delayed financing as I mentioned in my post above.  

Sometimes I have even directed troubled tenants towards assistance programs (such as single moms because there are a lot of programs for them specifically in my area especially).

Here is an example of what it costs you to avoid professional advice.