I actually helped out of area investors with turnkey rentals in my home market of Scranton PA, so I can answer any questions on how to turn keys work for you, as they may  more or less work same way nationwide.

For example, income 2 1/2 to 3 times ratio to rent, credit score minimum of 690, no evictions in past 5 years, no outstanding collections of $1000 or more.Have each adult married or not  fill out an application and go through screening process.

They have the directive from their regulator, the Federal Housing Finance Agency (FHFA), to enhance the flow of credit to multifamily properties nationwide.

Seller xyz stated he would take care of all outstanding tax issues prior to sale of property, is he legally liable for them, or would this fall onto abc or new owner (myself)?

Selling price - outstanding mortgage principle - selling costsI just want to avoid paying taxes on the selling price of the property when I actually only received a portion of it minus all the costs and mortgage principle.Cheers,Mike

I understand that for tax sales there is a redemption period for the owner to pay outstanding tax bills and the bidding price to buy the home back.

Tony - one last point I'll add to my suggestion above. . . as it applies to me personally, I still owe $172,000 in outstanding student loan debt.

If you have a good amount of equity in the property, that's great but since you didn't do a short sale, you can't negotiate a reduction; you also inherit any outstanding liens.

Since the last oil crisis, Houston has done an outstanding job of diversifying...With high-tech, healthcare, and alternative energies booming, petroleum just doesn't have the effect on us that it did in the past...it's now a smaller piece of the pie that is Houston.Many locals remember the hard times in the '80s, and are fearful that they will return, but when you look at all that the area has to offer (booming industries, affordable housing, great schools, investment opportunities, friendly people, decent winters, etc.) you realize that Houston still has a lot going for it.And even if things were to cool off a bit, that's beneficial to investors, as it means less home ownership and more renters!

We have a 30 year fixed with 30 year Am (1 yr PPP) lending only to Legal entities (LLC, C corp, etc) Nationwide.