I’ve heard from some lenders that I need more equity, others said there was a “cooling period” required after purchase to be able to use additional gained equity in land (from rezoning), and others needed prior experience.

U do have to have mutual signed instructions to get your earnest money back..

I also had to have an office inspection prior to obtaining the authority to pull credit reports.  

Mainly because I have to pass inspection from the accrediting body prior to staring the business in the front portion of the building approx 3000 sqft.

I have a tenant been in a house 26 years , I lived in it the prior 10 years .

If you turned over the keys prior to lease signing, the ship has sailed. 

Almost all of them are newbie who took a course with no prior experience.

I am starting from ground zero, with no prior background or capital to invest, but with a strong desire to create passive income for my family.I currently work as a middle school teacher in California, and while I love my profession, I have a strong desire to explore avenues that could potentially provide financial stability and additional income streams.

If you are planning to manage other people's rental property you will need the license prior to receiving any revenue whatsoever.

Both Agent and ownermay cancel this Management Agreement by giving both Agent and Owner a sixty (60) day written notice prior to the end date of the Agreement.The management fees associated with the initial (12) month Agreement and any successive terms must be fulfilled regardless of when managementservices actually terminate.