Typically, you’ll need a promissory note (outlining the loan terms, interest rate, repayment schedule, etc.) and either a deed of trust or mortgage to secure your interest in the property.

However, the article notes that the typical line offered is between $1M and $5M.

Since the adjustment, we have not been paid in full on the first of the month.In my experience, it is generally preferable to rent to lower income folks with no credit that are typically found in the same neighborhoods, such as recent immigrants.

HELOC isn't a typical loan.

My dad, a carpenter self-employed for 30+ years, was working on the house next door, and saw him cutting the grass one day and struck up a conversation with him, he said "Have her make me an offer".

@Brody Veilleux FHA 203(k) requires you to get bids from licensed contractors, so lender knows you have accurate numbers.Once you close you can typically do the work yourself, although you won't get draws/funds for your own labor.HML will require the same.

The tenant moves in next week and I will be doing a unit walkthrough and orientation with him where I will go through the key parts of the lease since he didn't sign it.A couple other things that are different from typical MTR stays:- They are not using my property management software (RentRedi) to pay rent.

I am curious what typical seller financing terms/structure might look like. 

It all depends on the local market and specific property, but these are typical ranges.

Investors typically have more write offs than they have income… So no income tax in Texas is not as compelling as some might think in my opinion.