@Bryan Field how will you educate yourself on all the legal aspects of managing rentals?

Please follow all guidelines when posting about your horror story.

Mark Here are the guidelines and stipulations to submitting deals to Keystone Funding Network.

@Sam SandTo answer your question direct: Legally only 14 states requires licensing to make a business loan, so odds are you can get started where you live.

Landlords can legally manage their own property in every state.

My relator said we shouldn't go forward because if the city find out we turned it into a duplex the county can take some type of action on us "not sure what that means" "Also i feel like my relator has a legal obligation to tell me not to go through with this because if he said do it anyway i could possible seek legal action on him (ps I wouldn't)"..

There are some guidelines in place that limit the total exposure to 80% LTV which is good.

Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchanging "doc" with "pdf" for more options.Here is an example and explanation: Sample EstoppelSome have a lot of legal jargon but this document does not need to be so detailed.

Conventional guidelines will ask you to have owned the home for 12 months before you can do a cash out refinance.

You can track individual funds using your spreadsheet or software.An LLC is useful for two things: anonymity and legal protection.