If you do that then you know that Mom will be an upstanding tenant or you deny the application now.

We have been denied for cash out loans on these two properties twice now.

The deposit covered $1700.00.I lick my wounds think it could be worse, I will look at the application closely on the age part I can’t deny based on age BUT make sure they are not slipping through the cracks somehow.

The main difference is less personal property coverage for the Landlord policy but also, if you have the incorrect type then the insurance company can deny claims. 

The first hard money company that we inquired with had denied the hard money loan because it was too rural of an area with not many comps however we found another hard money company that was willing to do it and it appraised at $400,000 ARV.

Don't make excuses to approve him, look for reason to deny.

Like many reiterated, I would deny this request since you do not want to establish a practice of reimbursing for inconvenience for every needed repair.

@Denis Um Hey Denis that is awesome and sounds like you are off to a great start with investing.

Jesus' Son by Denis Johnson is one of the finest, most rewarding reads ever written, reminding me that material things return less than experiences.

In my case, the bank denied my offer (Keybank), and was eventually able to sell their interest for full price.