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

If you decide to sell and find an investment property with a greater cash flow potential.A 1031 exchange would allow you to indefinitely all of the tax and use it to your advantage to reinvest into larger nicer property/properties.

I have been listening to BiggerPockets for a couple of months now and have been doing my own research over the past several months as well.

I allow adding tenants as long as the existing tenants are in good standing.

I imagine the argument would be, well if PadSplit disappears we need to base it off this less, more conservative number...

For those interested, a combination of mortgages with no “due on sale” clause, mortgage companies loose due diligence, and title insurers willingness to “turn a blind eye” to practices that wouldn’t pass scrutiny now, resulted in tactics like the “second mortgage crank” which not only allowed investors to purchase properties with no money out of pocket but allowed investors to actually walk away from closing with “cash in their pocket”.

@Marc Shin Well now you're getting brave....asking us BPers for design advice.... :-)

Nearly fourteen years later I would say it was well worth it.

By the way - for the same reason the 1st position lien holder will be uneasy with 100% CLTV, as a buyer I would be uneasy with it as well.

Keep posting for sure but feel free to reach out directly as well.