Offering a rent-free period helps the seller stabilize, but what happens if they still can't afford rent when the time comes?

-- We focus on verifying 2-year work history and verifying rent payments with last 2 landlords (unless in same property for 5+ years).3) MoveIn Specials: be careful with offering "free rent" as will just attract tenants with no cash.-- Try free TV or something else worth 25-50% of one month of rent.-- Or, what we do is offer the free rent AFTER & ONLY if they pay their first 3 months of rent on time to earn it.4) Lower the rent 5% every 2-4 weeks until activity picks up.5) Understand this is the worst time of year to find tenants.-- Starts picking back up end of February when this tenant pool starts getting their income tax refunds and aren't broke anymore.6) Section 8: where is the property being advertised?

Feel free to download it here and reach out to me with any feedback: https://apps.apple.com/us/app/biggerpockets/id6736392302

It seems to make more sense to get into bigger deals rather than own tons of SFH.Feel free to reach out if you have any advice or if you'd want to chat!

Your $80K HELOC can serve as the down payment, as most lenders require 20%-25% of total project costs upfront.

You can also make your place more trouble-free by fixing things up front that are most likely to break (new light fixtures, light bulbs, door locks, etc.).

Totally! 

The calculation uses the following formula: Total Rent Potential x 75% ≥ PITI (plus HOA if any). 

The list are getting the information, and whether I can get it for free.

They will issue an IRS Form 1099 in January, reporting your total taxable income to you and the IRS.