The immediately adjacent property (same floorplan, age, condition, size and shape lot, road frontage, etc. sold for $149k in May 2015.The LO did disclose the comp's.

Taxable value right now is about $2,300,000-Loan:  Full recourse 75% LTV (including 75% of $450,000 rehab budget), 5 yr term, 25 year amortization, 4.5% interest with interest only year 1-Age: 1968-Individual HVAC and Hot water heaters-9 down units have been "down" since 2007!!

Do you have a list of application guidelines what you require as far as a credit score employment income, all occupants over the age of 18 must complete a separate application as well as pay for and pass a separate credit check.

Hello All,My wife and I are just starting to look into real estate investing as a means to add additional income sources in our "old age".

For example, approximate salary, newlyweds, age groups and etc.Thank you very much for your response!

@Daniel RheeList Source is good for narrowing down a list of specific properties with criteria such as age of owner, % of equity, mortgage date, etc... but what List Source won't provide is a description of the property.

However, tenants who would otherwise have protected status may be evicted if the unit is a single-family home or is the only rental unit owned by the landlord in the building, or if the landlord's qualified relative who will move in is 60 years of age or older and each rental unit owned by the landlord in the same building (except the unit occupied by the landlord) is occupied by a tenant with protected status.Any tenant who claims to have protected status must notify the owner of the tenant's protected status within 30 days of receiving either a notice to vacate or a written request from the owner to declare the tenant's protected status.

She still worries at times having a maxed out HELOC, especially at our age,but she has no issues what so ever spending all the money it brings in.

I have also had good luck with the county reports however, some counties are still living in the dark ages so you will have to hire a company to pull it for you.

How will you like screening tenants 2x your age?