A lot of them contain Balloon Payment Provisions. 

You can collect payment directly through airbnb or collect it through your payment processor (mine is Stripe) on your direct booking website. 

BUT there have been 24 late payments with the last late payment made in Nov 2024 and  0 paid on time.

If anything is obvious like a solid proof of more people living in the house or signs of smoking in the house or if she misses even one rent payment then start the eviction process.

Let’s break it down.Moving to Your Next HomeYour equity could help you cover the down payment for your next home.

THE NUMBERS: With a purchase price of $7M, my Investors and I put down $2.7M as the down payment on the property.

Key Deal Points:Loan Amount: $88,000Lien Position: 1st position Purchase Price: $120,000Appraised Value: $250,000Interest Rate/Return: 11% annual returnTerm: 5-year balloon (meaning the entire principal and interest must be paid at the end of the term)LTV ratio: 35.2%---Licensed Lending company for contractsRMLO package completed on buyersServicing company for payment

Many distributors also offer financing and can give you an idea of what monthly loan payment you’d be looking at.

Show the lease agreement, show his rent payment history, and show any written evidence from the tenant that he admits to being late/unpaid.

To qualify for a loan, focus on having a credit score of at least 620 (or 580 for FHA loans), keeping your total monthly debt under 43% of your income, and saving enough for a down payment and closing costs—about 5-10% of the home's price in total.