Néstor Orlando Pimentel SolorioYou do not need an LLC with history, nor experience, to qualify for a hard money loan.

A qualified professional appraiser will generate a comprehensive analysis considering factors such as sales comparisons, highest and best use, market conditions, and income generated following Uniform Standards of Professional Appraisal Practice guidelines.

The landlord responded that the lease was not subject to the Rent Adjustment Program since the rental was for “sole use of one or more rooms and shared use of common areas (such as a kitchen) in the residence,” which was a single-family home.In its decision, the court focused on the definition of a “dwelling unit” as used in the exception found in Civil Code section 1954.52(a)(3)(A), which provides that “an owner of residential real property may establish the initial and all subsequent rental rates for a dwelling or a unit about which the following is true…It is alienable separate from the title to any other dwelling unit….” .

Begin reaching out to lenders to see if you can qualify for a conventional mortgage, especially considering your change in financial situation (living in Phoenix, out of cash)

@Shaun Hunt believe what you really want to do is start a "Master LLC" that can function as a PMC.You would then sign management agreements between Master/PMC & property LLC's and have all income & expenses run through Master/PMC LLC, and only have to "settle up" annually with the property LLC(s).Check with a qualified tax professional.

You can use conventional financing, up to a fourplex, and if you live in one unit you may reduce some of the property tax for the space you live in as it is your primary residence and you can also buy with very little down as opposed to buying it strictly as an investment property.Duplexes are a great option and you generally also always have at least one paying tenant and can be bought similarly.

Keep in mind things take time to really launch and takeoff , but with the resources and experience that Direct2Deals has, it makes the process a whole lot easier and something less that I have to handle inside of my business & can now focus on optimizing and being more efficient in the way I conduct business and close our deals.On another note, if you are looking for qualified homeowners that are seeking to get an offer on their house or sell soon, and your goal is to have the most amount of opportunities to close for yourself and your team, we recommend doing a nationwide, multiple state targeted campaign with Direct2Deals.They have a dedicated team to handle all questions you may have on a weekday basis through their email support system that they go through Monday through Friday to help you with your success at Direct2Deals.

And no one will buy unless they are forced to AND qualify.

Same with them doing repairs-are they qualified to do them.

That will prevent them from qualifying for other rentals, a personal loan, or a home loan.I have sent nearly 60 tenants to collections.