Pay the taxes up to date at close and use a no income verification loan so it's fast and easy. 

I lived right across the street so to buy and invest in a house close by was a no brainer for me.

Also, automatic one-year renewal is a No-No. 

No cost to you, it's a no brainier.

If you are just renting now...sounds like a no brainer to me. 

It's a no brainer in my opinion. 

And now, you still have a better understanding of the property moving forward and you have a plan – then you start making money.Boots are Made for WalkingSo let's say there are issues that just make this a "no-go", like installing a sprinkler system, or something else that has an astronomical price tag to conform – then, it may make sense to kick the deal to the curb.

I’d recommend setting up group showings to minimize time spent showing the unit and lessen the pain of a no-show.

Then i asked him if the other lenders asked him as many questions as I did, if they understood he was going for a no income verification loan and whether they bothered to ask if he was putting the loan in an LLC. 

In my day job working for a hard money lender, we issued a loan on a property that the borrower got a great deal on, so good it was very close to a no money out of pocket situation.