As someone who lends and also borrows private money, I know how important trust and transparency are in these deals.

You will need 6 months worth of the payment (including taxes, insurance, HOA) in liquid assets to show an underwriter.Now with doing a rental agreement, do I need to have tenants living in the home first or new prospects lined up before the underwriting? 

🚨The Green at University City is transforming into a top-tier Entertainment District🎉 The development includes a 65,000 sq. ft.

What I want to say in short is; you can't fake it in commercial, you got to have the cash, and if you don't own any cash, become a syndicator for wholesaling, if you can make it rain by finding off-market properties, there's money looking for that, including an end -user.But like Joel Owens said; this isn't 2009 anymore, I was in it and remember it all, it was a unique time, that's not really happening now, and I don't see it happening again.

🚨The Green at University City is transforming into a top-tier Entertainment District 🎉 The development includes a 65,000 sq. ft.

I completely agree with the importance of securing a good W2 job, living below my means, and investing in real estate early on.

It’s also important to distinguish between those who are genuinely advising you and those who are selling you a service or product disguised as advice.I went to my first real estate conference in Atlanta in 2005.

A common approach is to include heat in the rent and adjust pricing accordingly.

.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

Maybe a policies and procedures binder doesn't seem like an important thing with management of a couple of duplexes.