Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

You could also consider seller financing, where you work out a deal with the sellers to pay off the remaining mortgage balance while securing the deed.All these options would help you avoid the risks of not holding title to the properties while also giving you access to the equity you've built.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

While I'm not a legal expert, in Illinois, landlords typically have the right to serve a 5-day notice for unpaid rent.I had a friend who faced a similar situation with a tenant who was a traveling professional.

While interest rates are higher, they could work as a short-term solution to help you secure the property, and you can always refinance later once you have a steady income.3.

To make this deal worthwhile, you’d need a lower purchase price, better financing, or higher ARV to secure a comfortable profit margin.If you need help structuring financing, let me know!

What strategies have you found effective for securing long-term rental loans?

Hiring Specialized Talent: Hire or contract experts in different areas, such as legal, finance, construction, marketing, and property management.

Can I secure the same loan for both scenarios—buying a new house from a contractor or refinancing in the BRRRR method?

I do this because sellers are going to offer 3% (they are in my market), and if I signed for less, I could not get the overage.To secure my buyers in this new environment, I made a 27-minute video going through the whole agreement and pointing out the things to beware of.