We discovered that there were a ton of exposed and illegally spliced wires in the attic under the blown in insulation and had to remove it all to find all the wiring.

. $1300/month, tenant pays all utilities. 4 bedroom one is vacant.

What the gurus don't tell you is that they are comparing market rents to the GROSS amount of S8 rent on a voucher which INCLUDES LANDORD PAID UTILITIES!

.- Technology & Automation: Utilizing project management software, such as Buildertrend or Monday.com, enables real-time tracking of budgets, schedules, and contractor communications.

If you do have enough other income then you dont even need to lease out this property to start your refinance.However if you dont have enough income to qualify with no rental income offset then yes you will need to obtain your lease(s) and security deposit + 1st months rents deposited before you can utilize 75% of this gross income - your monthly PITIA payment (in terms of qualification on this property refinance.So all in all Id make sure what your current debt to income position is first of all (DTI) and then strategize to see if you even need the leases at all.

I have videos on my channel of tenants who have exercised the lease option, showing gratitude for the opportunity that they had to do the lease option.Additionally, I work with a ton of great wholesalers and I know a bunch of Sub to people as well.

I am interested in utilizing space again for group meetings, workshops, and for clients who may still desire private space.

@Gene PanicciaManagement fees vary, but it's not uncommon for a PM to charge fees for managing tenant-paid utilities or coordinating repairs.

I don't figure the note will be more than  300 a month at only 40k principal.

I second this - Beth is great and has a group as well where you can learn a ton on private lending.To the poster who mentioned giving them 100% financing - as a private lender NEVER give someone 100% financing.