What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.

First of all I put my acceptance criteria clearly in the ad: minimum credit score (enter X amount, 620 is what I use),income 2-3x rent, good rental history, references, no evictions, acceptance dependent upon background check and employment verification, pet policy, desired lease term, etc. so that people will hopefully read that and not come to the open house if they know they won’t qualify.

It was in fairly good condition, and I KNEW I could easily lease it out, or lease sections to various business, or sell it for double or triple what I paid. 3 years later, having not even received an offer to lease AT ANY PRICE, I sold it for $25,000 LESS than I had paid.

I just got quoted $160000 for a four unit plus in law in Brookfield including permit and all related fees. for an extra $3500 I can add two EV chargers, but will receive a $16,000 credit from ComEd.

They currently have under $1M in leverage on the assets but are looking to get a line of credit / portfolio loan to encumber these properties or other properties they acquire.

Look back to world's fair in the 60's, countless hair-brained crazy head-in-the-cloud's ideas of true creativity that foster into real innovations.

If you have a relationship with the seller, if the property is fairly priced, if the seller is motivated, and you identify it as a deal, then you can send an LOI after the first call.

Ugh, Madhuri, as someone who is heavily invested in Detroit and helps a LOT of out-of-state investors get started there, this makes me sick.I talk to about a dozen folks per week looking to invest in Detroit and I've heard my fair share of Flip Systems folks.

The issue is legally be allowed to raise rents and getting around what the city believes is fair market rents.