Can you verify they will have the cash flow for this? 

Verifying returns and losses. 

have you seen rent rolls and leases to verify the rent?

1) it only took one purchase to learn that anything in a listing is suspect until verified.  

call county health department and verify that this is the rule.I have never heard of  3year inspections required by a county health department does not mean its not true but I would want to verify that. 

And of course don't force him into it just to please you (I'm sure you're not)When you verify that he is truly serious about starting the journey, I would 1) have him do an extensive goal-setting plan.

To be eligible for 80% cash out, the property must be located in one of the following states:       AL, AZ, CA, CO, GA, MI, MN, MO, NC, PA, TN, TX, UT, VA, WAWith respect to seasoning, as long we can verify that the property was improved by the borrower after they purchased it, there is NO seasoning requirement for the 80% program. 

You can verify this by searching on Airbnb/VRBO you will see there are many times greater quantity of 1,2, even 3 bedroom homes. 

I'm sure you and your agent have done your due diligence on the STR regulations in your market, but I would encourage you to analyze the deal as a long term rental and verify the numbers make sense.

Ever heard the saying, “It’s not the big words but the small print that matters”? Well, it couldn’t be truer in the world of investing. I’ve seen a bunch of posts here over the past six month on BP where people seem t...