Be aware if their payment is clearly labeled "for rent only" or similar, and in that case, only apply it to rent. 

The only purpose of the account would be to collect payments and pay bills like taxes and insurance on assets held by the LLC.

Full credit/background check:  Look for missed payments, and any theft is always a no go.2.)

This is eerily similar to the unsecured loans I've made and haven't seen a payment on in over two years.

Rents continue to climb as well but likely not enough to keep up with increasing monthly mortgage payments when considering interest rates and soaring property values.There are 2 main schools of thought when considering investing in an expensive market like Long Island.- Robert Kiyosaki, Grant Cardone, and similar thinkers believe its best to invest in markets with higher cashflow while renting where you want to live.

Save your hard earned cash for down payments and repairs.    

Many Gen Z buyers, however, are still in the process of securing their down payment funds or comparing loan options when they start making offers, putting them at a significant disadvantage.Looking AheadDespite these challenges, Gen Z homeownership demand remains strong.

Since you haven't started the project yet, use this time to network with lenders to see who offers the best terms....seasoning, rate, leverage and pre-payment penalty terms. 

While I love the idea of eventually owning a paid-off primary residence, I’m debating whether it’s smarter to sell our current house and use the equity as a down payment on the new home or to keep it as a rental.

Our instincts are to eventually rent it and use the income for payment assistance on a new home mortgage.