To properly evaluate the condition and determine the cost of renovations, always have a professional inspection done before making a purchase.4.

It is done with a simple click by the teller or by a processor later.Each one of those reported transactions makes it more likely the person will be audited by the IRS. 

You can determine the percentages but we give them 50% of what the company receives from the owner upon a new rental.

We know what the cost is to pay for some work and determine if we do some ourselves, is the time vs money a route to go. 

These all require applicants to submit an acceptable Letter of Explanation addressing each specific issue and occurrence.Rental HistoryBecause a current landlord may say anything to get rid of a bad tenant out of desperation, we also require information for the previous landlord of all applicants…Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifying income…Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment…AssetsWe are one of the few management companies that requires a bank statement as part of our application process…Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter of explanation (LOX)…UnderwritingTraditionally, landlords have only looked at the income of applicants…ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious…

Both the CPA and the QI will be helpful in determining your options. 

Consider consulting a real estate attorney or CPA to determine the best strategy based on tax efficiency, future sale plans, and estate considerations.

I am putting in place what I determine to be responsible tenants that want to be home owners in the future.   

Later, utilizing plats, surveys and past history through the appraisal district, I was able to. determine that the seller had switched addresses between the burnt house and the house next door, attempting to mislead a buyer into thinking he's buying the undamaged house.  

I'm entertaining hiring Egyptians because many of my colleagues have had great experience using them recently, but I've managed hundreds of VAs over my 10 years of investing with the majority of them being from the Philippines.Having a hiring process will determine the quality of applicants you receive.