Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.

It's wise to verify the credentials of anyone involved in a significant financial transaction, especially if they are requesting proprietary financials.

@Alba Cheung,your property manager should have already handled this and you should not be involved.

(no banks involved)2.

That said, you could go to the mayor and police chief and ask what steps were taken with the involved officers.

It's better to be honest with your current lender and all parties involved in the transaction, than to risk losing your EMD and falling out with lender Bs false promises.

I’ve gone through purchases, sales, 1031 exchanges, remote inspections, and repairs, all handled smoothly with minimal involvement on my end.

When investing in high cash-flow markets, I always recommend working with an investor friendly agent so you're able to gain the right insight on the different areas and the risks involved.

The process protects both their system and users against fraud and aligns with banking regulations, especially given the financial data involved in property management.

Another one I wish I had taken earlier was to get involved with a boutique or specialized commercial broker.