It’s in pretty good shape at this point, rentable.I travel a lot for work, and a friend gave me the idea to do a short term rental as a one bedroom, locking all of my stuff in the other bedroom and office - I applied today and was denied because I don’t own both sides of my HPR, even though I have written permission from the owner of the other half….

I have multiple applicants that have applied. 2 look promising but both want to wait a month to  move in.

They encourage deadbeats and liars to apply. 

We just don’t realize those lessons learned apply to REI.  

I can see how this idea could possibly apply to other FHA requests too. 

Typically, the same applies to LLCs where you and your spouse are sole members (single or multiple member LLC).

If I have a skill, knowledge, the right contacts or or a passion that can be leveraged into potential gains, that is where my money is applied.

@Zach Denny Did you ever put your deal together, if so I'd be curious what the bank required on CLTV and if you had to source the total down payment (PP-First Loan) then apply seller second, or if the bank let you do all that at closing functionally making your DP = PP-First Loan-Second Loan.

@Ezra Avery you might want to read below to understand Classes of Property/Tenants.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

You can also use a company online that will use a machine to “hand write” your letters or postcards, fill out the envelopes or postcard addresses, and apply the correct postage to them.