Start by getting pre-approved for a loan, ensuring your credit score, debt-to-income ratio, and finances meet lender requirements.

For example the license should not only have a cost but also require at least some compliance training targeting some of the most common issues/complaints.

So we shall elucidate five myths and truths about investing in them.Myth 1: Distressed Properties Are Always Money PitsMost people think that distressed properties require major renovations, which wipe out profit returns.

., as Chris noted, the required documentation will be outlined in the LP Agreement you signed.

You prpobably don't care about Ohio, but their requirements might be instructive.You can only file January 1 through March 31.

@Ken Almira don't buy a Florida condo w/o checking that they've passed their engineering inspection and their reserves meet the new requirements.

This will require a commercial loan for you or the next buyer.

Most HMLs I deal with require a minimum of $10k equity (or 10%, whichever is higher) in each property.

It requires no money upfront, so you will join thousands of others trying to do the same in your market.

For example, a $200,000 property might require $2,000–$4,000 per year.