It's that simple.Doesn't hurt to have real hardwood floors and A/C as well.

I have also taken the relo rental option a few times as well, both as renter and as owner.

You hire a PM to deal with the home when it is inconvenient and a hassle.

I have 2 people that I sometimes partner with on real estate deals.I use a CPA because I have a number of rentals and a few LLCs.

One thing you should always look for in life and as an investor is to use your "unfair advantages".

It is zoned single family but since the previous owner is using it as a rooming house a few things look different that I am worried about the appraiser not passing:Outside doors for each room with locks.The only common area is the kitchen, no dining room, living room, etc.The rooms consist of 5 bedrooms, 1 kitchen, and 2 bathrooms.Each room has a bed and a small drawer which I am thinking of diassembling before the appraiser comes.Would I have a problem with this?

My client had some things come up that prevented her from executing, but these were some of the options I had put together for her, a regional bank, a regional CU, and a national bank.Reminder that NOI sizes CRE debt, and that's often what determines the down payment requirement, not anything to do with the client or particular lender, just the property itself.

Is this place rundown and a fixer upper? 

Most successful STR owners I work with in the Pocono's/Lake Wallenpaupack PA utilize only someone to clean, and a few local handymen.

It is very important that the Wrap Mortgage is written at market terms using a knowledgeable attorney, an RMLO, and a servicing entity.These have risk and I'm not saying a new investor should go out and do them.