I set standards for and apply them equally to all applicants.

Figure out ways to source off-market deals that are closer to meeting the criteria you are looking for (The higher your standards, the more difficult it will be, but that's the point of good deals).

Go with standard size options, don't do anything custom.

Standard loan sizing 75-80% LTV; 1.20-1.25x DCR; 30-year amortization in Top & Standard markets.

Quality Assurance:You can personally oversee the quality of work, ensuring that all tasks meet your standards and avoiding potential shortcuts that some contractors might take.5.

fractionalized TDs and notes in CA is how we ran our HML companies it is standard operating procedures.the Broker holds the originals  and think of the investors just like you would a TIC on a deed.. each investor has a % ownership and is spelled out in the TD and the Note.. now after the fact there can be partial assignments as well. 

Per the original issue, circling back to confirm that I connected with a lawyer I've used before and they suggested to just issue a standard termination of month to month tenancy which requires 30 days.

Thanks, Gary Neely Gary, Just use you standard state contract and write out the terms of your seller financing in an addendum or on the OTP itself if there's lines for additional provisions.Be clear and concise.Example,Seller will carry a promissory note secured by a 1st position mortgage in the amount $97,583.00, at 6% interest, amortized over 30 years, witha a maturity date and balloon payment due 10 years after the closing date.Hope this helps and certainly get an attorney involved if you are not comfortable drafting the language.  

A standard rental policy will not cover short term activity and make sure the insurance company is ok with the sublet/arbitrage arrangement.

I'm looking at basic homes with lvp floors, granite countertops, standard fixtures, nothing luxury.