This can be a very long and annoying process and you're not guaranteed to get approved.

I’ve often seen this happen where initial approval is given, but debt-to-income issues arise once they discover you’re purchasing another property.

@Kash Tacke legally, you would need architect drawings to get approval from Detroit Zoning Board.

Cash offers are often particularly appealing to sellers because they eliminate the uncertainties that come with financing, such as loan approval or appraisal issues.

I love the idea of the permitting process (protects the consumer) but my local municipality can’t hire enough inspectors (low pay/stress/high experience requirements) so the wait time is 30 days to get your permit approved and 30 days more to schedule an inspection.

Quote from @Jeffrey Hill: There are a couple of challenges with financing the difference. 1) The current servicer has to approve it. 2) Finding a lender to do a 2nd mortgage at 100% CLTV is almost impossible.

I've been pre-approved for a bank loan but haven't thought about someone with experience working with investors for deals.

Also, there are many integrations available with QuickBooks so that receipts, bills, invoices can be sent to Quickbooks or outside software to read each and automatically create the transaction and we just have to review and approve.

It will include an approval letter from the IRS.

We feel this encourages/trains good payment behavior:)We have several MoveIn Specials owners can approve like, free TV, Washer or Dryer (used), etc.Our main goal with MoveIn Specials is to stand out from our competition. - Just lowering the rent really doesn't do that.