Hi everyone! I'm going to be a first-time landlord in Arkansas :)I'm in the process of pre-screening applicants BEFORE sending them an application where they would pay for the background check. One applicant mentioned...

These often include a preferred return for the investors and then a pre-determined cash flow distribution schedule between the sponsor and investors that includes the cash flow distribution waterfall based on either the IRR or EMx and possibly a GP Promote. 

This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

Its size and layout make it ideal for long-term cash flow, and the demand for updated housing in Drexel ensures strong tenant interest once improvements are completed.

Located in a high-demand area with strong rental and purchase potential, this project is poised for success.

Located in a high-demand area with strong rental and purchase potential, this project is poised for success.

Then you do floors because you can't do base and case until the floors are in and going full costs of paint will just get damaged during the balance of the rehab (although I often complete the ceiling paint in total).

The reason you get the low down payment and the low interest rates are because you're personally guaranteeing the loan based on your stable income. 

Renovated with cosmetic updates for immediate rental income, it offers strong cash flow while preparing for more extensive repairs and the addition of an ADU.

-based income.