Before I bought it I was buying real estate giving myself and my daughter something to do, my lily girl (Alice kate) was disabled and a single father it gave us something to look forward to every day rehabbing apartments, I started doing some research on turning a small complex into something for her and design it for her wheelchair in case something would ever happen to me, she would have her own place ,in my research I seen assisted living facilities and thought thats what she needs something with nurses. well I found this 4000sqft building and it was an ALF I made the owner an offer and bought it!

Verifying last 2 years of rental history very important!

Above all, in my opinion, rental history is the best indicator for finding a good tenant so don't forget to ask for previous landlords numbers and get references from them.  

If you notice my posting history I am investigating purchasing my first condo in the next few months and am investigating some potential scenarios.I am looking into living in the unit for a little over 1 year and putting it up for rent either with HCV/Section 8 or finding a tenant through my brokerage(L&F) or other means. 

watch insurance costs ...watch HOA fees ....watch  fllod /  storm  histories 

Can provide 10 years history.

(Recent primary home at first and then DTI and Job History.)

Dominic is a history teacher in Chicago who clocks in $45k/mo from a real estate portfolio he started building 27 years ago.

It's vitally important to know who you are working with, and have the history of the players involved.

We don't need to verify employment history, income or DTI with this loan type.