If that's the case, you would charge rent + utilities + water or just lump it into one rent fee.One thing to keep in mind is that friends often bail on deals like this once you get it so you have to be prepared to have to figure it out if you get the house and he isn't interested.

Hi all,for those of you doing a mid term rental from out of state, how do you prepare your unit to get it fully furnished while out of state?

They assist investors in preparing necessary documentation, such as detailed project proposals, financial statements, and credit histories, which are crucial for persuading lenders.

Again, be prepared to call A LOT.  

I assume you are using professionally prepared loan documents, yes?

The conversation went as followsME: Hi I was wondering if there is any flexibility in taking the class that is not being offered in the Atlanta area.EDDIE: Oh Sure you can go to anyone of the other locations.ME: Im sorry, i ment will there be an opportunity to take the other class at a later date in the Atlanta area, say within the next year.EDDIE: Son if your not prepared to take advantage of this amazing opportunity in note buying then you just dont have the entrepreneur spirit to be successful.

Also, be prepared for paperwork and some level of bureaucracy, but keep in mind that if you’re willing to work through it, the rewards can be substantial.

It sounds like the separation between success and failure is based on proper preparation and realistic expectations.

Quote from @Rocco Forte-Adragna: Hey Biggerpockets people, My name is Rocco Forte, I’m 19 years old, currently in college, preparing to take and pass my real estate exam this December.

I'm a project manager by career, so I know with proper preparation, anything can be successful.