I have an REO broker with over 15 years experience to help guide you through the process if you have not done it before.I'll work with you on ensuring everything the Am's are lookimng for is addressed in your resume.If I do not get you listings it does not cost you anything.

Start with BiggerPockets Ultimate Beginners Guide (free).

See my software guide below.Here's a detailed guide on how to screen applicants: Application Screening GuideMy Landlord forms package includes a septic addendum, or you can try finding one online with a Google search.Anything else I can help with?

I'll also check out some of the guides listed here by @Austin WolffAppreciate everyone taking the time to help out!

Utilize VA Loan Guide, BP Calculators, and Contract Templates.Good luck!

@Ricky Hernandez As a Realtor with extensive experience, I typically guide buyers through the process.

He is so ADD I dont know if he really paid attention.2) You can create some training guides    I did this for our tenants and I have done some so far for whoever takes my place :)   I have uploaded 30 videos haha3) This is actually #1 - figure out more efficient ways to do things!

You don't need to have years of experience, you don't need to know the most obscure laws in the most obscure states, you don't need hundreds of thousands of dollars to get started.There are a few "gurus" out there who have mentorship programs that will guide you in the right direction.

Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4  X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.

On the tax side, I would encourage you to partner with a knowledgeable real estate CPA who can guide you through the transaction to ensure you can meet the qualifications of the STR loophole.