He will be totally hands off and only role is to provide money.My goal is cash flow and another investment(same as my father).I have limited free cash on a tight budget but have access to a heloc loan for expenses if needed.

Eliminate debt, establish a budget, and save.

I budget for 2 year average tenant stays and work to exceed that conservative budgeted rate. 5.

What area code should I look for in my budget and best area possible for that budget?

Drive around and figure out a few areas you would like to live in with your budget.

. $25,000 rehab budget, will have on the market in less than 45 days What made you interested in investing in this type of deal?

What is your budget?

Eliminate debt, establish a budget, and save.

With it being a difficult property for an investor to find traditional financing for, how would I go about assigning a realistic valuation for the property if we were to entertain a sale?

Get a bank statement to cross-reference their paychecks as most employers now direct deposit.You'll also see if they have a savings history or are living paycheck-to-paycheck.If they are not paying rent right now and have no savings, how well do you think they'll be able to adjust their budget, so they can pay rent on time?