Consistent recurring money in the bank.

Cash money, seasoned in a bank account, plus the ability to qualify for a loan - credit history, job length, etc...

As far as 20% down, I am not sure but I believe this is more or less consistent with the US because I don't believe banks will normally lend on rental properties for less than 20% down unless they are owner occupied.

There are a few things that can improve, but overall the financial side seems fine.Buildium is okay, but they are limited to what banks you can sync with.I love Yardi Voyager 7s, but the down side of it is the lack of bank feed, it is nonexistent.

And I use Baselane for for rent collection, banking, and accounting.

Your first few deals not only get your bank roll going but they also set you off on the right foot if you have success.

US Bank Vectra Bank Wisdom from Ann Bellamy:I also never keep much cash in a bank account in the same bank where I have any mortgage.

Right now seller has given me a signed bank info release form to verify loan numbers.

Quote from @Matthew Banks: I've done a number of BRRRRs, managing contractors and my own sweat equity, and see opportunities for more BRRR/flips.

I installed a few through out the Ventura County, both under city and county jurisdictions.