Delays are typically caused by previous landlords or employers who don't respond to our requests for verification.

Once you have the LLC and IRS Employer Identification Number you can open a business bank account to track rental income and expenses. 

This can be a city or neighborhood.We manage a lot of Class C properties in the City of Detroit, so previous evictions are common.We typically do NOT allow within the last 3 years and we want to see stable employment, income and no other major credit issues since.For Class B rental we're looking for no evictions in last 5 years.Class A, would be at least 7 years.Of course, there are exceptions to all of the above for extenuating circumstances the applicant is willing to provide acceptable documentation for.

It's understandable that you're seeking to invest in real estate to secure your financial future.Background and Financial Situation:Given your circumstances of having $150k in cash from an inheritance, a credit score of 756, and a year of work history, you're in a relatively strong position to begin your real estate investment journey.Strategies Considerations:Out-of-State Investing:Investing in areas with lower property values and employing the BRRRR strategy can be a viable approach.

Big companies expanding in the area means employment and a strong tenant pool and high occupancy rates.

Keep in mind that you'll need to qualify full doc (DTI, employment history and income will all come into play) and the property typically needs to be titled to yur personal name, not an entity. 

Population is growing and the job market is strong (major employers developing like Intel, Amazon, Meta, etc.)

Ongoing construction projects valued between $26 billion and $30 billion fuel employment opportunities.

The city is experiencing rapid growth, leading to a high demand for housing and employment opportunities.

LTR, MTR and STR work in most larger markets (~top 30-40 cities by pop, or be proximity to metros/attractions/employers).