There is only a small fee to accept the offer and make the deposit into a checking account.

Instead of using your personal income, employment history and DTI to qualify, a lender would look at the income or potential income of the property to make sure it cash flows after taxes and insurance are accounted for.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

For $30 they will push it out to another six websites for a month.For someone with only 1-2 rentals, you could create accounts at all these websites and manually enter your listing.

We used Appfolio to manage all of the accounting but none of the marketing.

I am concerned about the implications of transferring the property into an LLC, especially since I have a favorable mortgage rate that I would prefer not to jeopardize.Would it be advisable to establish an LLC, obtain a PO Box, and open a business account without transferring my current property to the LLC?

show up later to comment on my questions, but the FB group is pretty stale.When you join, you get a private accountability coach.

@Marizel AshbyBelow are the top things I will recommend you focus on if you don't have at least $30,000 in your bank account or you don't have access to that kind of cash from other sources:1.

If you have any accounting questions, please feel free to reach out as I have extensive experience working with foreign nationals in the US.

The reason I say this is  a double close, is because we would require the seller to be open to seller carrying the amount that we helped cover as a second note against the property.Ex. 1st transaction: DSCR covers 70% we help cover the remaining 30%.......close transaction.2nd transaction: Title opens a second escrow account and creates a 2nd lien for say 40% against the property so we can get our funds returned.