I need a checklist for both my leads and deals.

What do I do or say when a potential seller lead ask me for proof of funds to put the house under contract?

Check with the local Chamber of Commerce.They may have some leads.

@John BertolonIf your goal is to have tenants move out so you can do renovations I'd hold off on doing upgrades unless they lead to higher rents.However, if you want to keep the tenants and the repairs are inexpensive and beneficial long-term, it’s worth doing because vacancies will cost you more.Replacing items like appliances can be costly, so if they're working well, I wouldn't address those kinds of requests.

The clientele tend to be habitually unemployed/unemployable and relapse is not uncommon, which often leads to fights, damages, or the revocation of licensing privileges by the municipality.

I file jointly with my wife (both have W-2's) and I have one rental property that is under my name.

The past few years have shown us that relying on historical data without adjusting for current and projected trends can lead to significant shortfalls in underwriting.

Friday, Feb. 14, 2025 Caveats/Considerations before applying:Time involved: These projects have long lead times between review, approval, and reimbursement.

The inexperience definitely leads us to at least use a company for the first lease to see how it goes.

It has a growing population and a variety of amenities, making it a viable option for multi-family properties.Fishers and Avon are likely to provide the best balance of rental income potential and property values, which can lead to a higher DSCR.