Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.

I recommend to find the top performing properties in a market and figure out what makes them similar from an amenitities stand-point.

They’ve handled everything from repairs to tenant needs and it’s been a consistent performer in our portfolio. 

I-if it's "big expense", I get ahead of this issue by whipping out a receipt book (you can buy one at any store like Target, Wal-Mart, Staples, Office Depot, etc) and jot down the work that was performed, materials, hours, amount of people, other expenses, etc.

The decision to use Schedule E or Schedule C for reporting rental income from house hacking can depend on various factors, including the nature of your rental activities and how you've structured your rental business.Schedule E is typically used to report rental real estate income and expenses for individuals who own rental properties as investments or passive income sources.Schedule C, on the other hand, is used for reporting income and expenses from self-employment or business activities, including activities that are considered to be actively managed.The interpretation of the tax code and the determination of which schedule to use can vary based on individual circumstances and the tax preparer's expertise.Your tax preparer may reference relevant sections of the IRS tax code, such as IRS Publication 527 (Residential Rental Property), IRS Publication 334 (Tax Guide for Small Business), or other applicable publications and regulations.Factors that might influence the decision include the level of involvement in managing the rental property, the intent to generate passive income versus active business income, and the structure of your rental business (e.g., sole proprietorship, partnership, LLC).Ultimately, it's essential to work with a tax advisor or accountant who understands your specific situation, goals, and the nuances of rental property taxation.

The section stating, 'This home is meant for families...' was directly influenced by local regulations. 

DSCR lenders make their own criteria, often influenced by conventional loan criteria but for a cash out refinance on an investment property you can get out cash out on the new appraised value at 3 months.

Others that are posting here regarding this thread are misinformed to assume that your folks simply screened out a prospect that wasn’t able and ready to perform. 

Make it attractive to buyers and you'll be more likely to get a better / performing buyer.Down Payment:  I always ask for a minimum of 10% up to 20%. 

Most of the funds have a structure with pref rates and good performance split.