Hi Jenna, I am the Founder & Owner of REsimpli.

Other loans might be a little bit different.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

The #1 reason why landlords fail - according to the American Apartment Owners' Assn - is failure to manage to the lease. 

The current owner has to dig the floor out and replace the floor to meet spec.  

When 2 owners own a property and they cannot agree on what to do with it.

They didn’t and according to him, that gives me the right to pursue the previous owner legally.

She then contacted all RV parks owners that had their parks listed for 9 months or more and had not sold, offering to purchase their parks for a certain amount and disclosing her intent to “flip” the contract.

I set my rent standards a little high and realized that rent is actually not that high.. we have a morgage on it and it looks like the house is selling for more than we originally paid 4 years ago.

Weeks before closing Blue Metrix Group reached out and said they were struggling with the financing for the second park and they asked would we owner finance.