Signing the lease demonstrates they agree to the terms and then you can hold them accountable.If you don't do this, then the person named on the lease and paying the rent could disappear and you would have no legal authority to charge the remaining three for unpaid rent.

Owner occupied loans have allowed us to purchase properties in markets with heavy appreciation, and potential for huge rent increases.

For more expensive properties you'll be wanting to pay a lower interest rate and doing short/mid term rentals.

@Treza Edwards sounds like the terms from a community bank in your area, is that right?

This can also work with long-term rentals if you end up wanting to do that.

Lots of people do short term rentals with pools, this is not very uncommon.

Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.

With VA loans, you’ve got a huge advantage to get started with little to no money down, and military bases are perfect for long-term or short-term rentals.

The city’s diverse economy, which spans transportation, healthcare, and education, provides a solid foundation for long-term growth.

These properties can provide cash flow and diversification while qualifying for favorable residential loans.