There's also regular inspections of both the living conditions and conditions of the home, and I've known some LLs in my area to fail for really stupid things (like a broken screen that the tenants must have broke), and if you fail no money until you pass. 

Long story short I ended up selling this one and broke pretty much even a little over a year later.

The contracts I am being presented by co-brokes are sometimes riddled with errors and mistakes.

Lend to experienced individuals who own other rental properties already6. 6/mo Payment Reserves: insure the borrower isn't broke and has the ability to repay your debt. 7. 100% Hazzard Insurance: make sure the borrower secures hazard insurance that at minimum covers your Loan Amount ie "replacement cost".

This girl does not deserve to not have this on her records.3.

If the numbers broke even at 3.5%, investors would be flocking to buy that property putting 20% down.House Hacking is about the long term gain.

Remember, even with a LLC you still need insurance, otherwise you'll go broke protecting your LLC in legal fees. 

So I just had a listing with 8 offers and some had credits so I broke it down for my seller in net terms. 

When I was staring out, I was broke.

- I am building a spec in Mequon and we are down to shrubs and doorbell, but it's been 9 months since we broke ground.