Is there any legal documents I should have them sign if they approve of my tenants or would just an email with approval suffice?

Re: blue - suffice it to say it didn’t end up the way I originally envisioned.

Suffice to say, the property was 100% occupied! 

She asked my wife if there was a way for her to buy a house with our help, and ensure that we own the house so she can rent from us.We want to help her, and we get the asset in the end out of the deal.My problem currently is that I am studying for my Real Estate License, and I have a bunch of keywords at the forefront and I think I am over complicating it.So...if she buys the house with the mortgage in her name and just puts us on title thatd suffice?

If you can show the IRS that you bought it and some circumstance required you to sell it without it having been the plan all along, a year or 2 may suffice, but under the scenario you put forth, it's probably not a good idea.

But, the court order should suffice.

Hi @Jason Bott - I'd actually like to know more about that insurance option as well (had the exact same question as Chris, and now that I know Homeowners and/or Landlord policies wouldn't suffice, I'd like to know more about the insurance programs which are available for flipping).

@John HyunThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

Ask the agent what is acceptable proof of funds and if a letter from your lender would suffice just google POF and you'll find a site to get one.

For example, If I needed 50k in piti reserves, would the ability to take a 50k loan from my TSP suffice or would I need that money to actually be in a checking/saving account?