Depending on which state you are in, talk to an attorney and draw up a very strong agreement.

All the best,Diego most of the good ones won't touch less than 100 units and even that is for new construction. hate to be the bearer of bad news. we are looking at ground up condo deals with entitlements and I reached out to a few HOAs based on larger towers and the best will cost more than it'll be worth.

I am looking at conventional loans, and as you said, scaling becomes very difficult based on the first method of calculating DTI, especially if you are in an expensive market.

Begin with a small daily budget to test performance, then scale up based on results.

Once you accept rent while knowing of a lease violation, the law will not look kindly on any future attempts to evict based on that lease violation.

My name is Abdul O and I'm based in the Atlanta metro area.

You get the properties in escrow and get the drawings while you are in escrow (site visit) then draft the drawings to get to the city the day you close.

They used both of their credit histories and income to qualify for the financing so that's what the underwriting is based on.But you also have to look at the tax implications.

Some lenders have limits on the maximum loan amount of a fixed second mortgage or HELOC between $250-500k although many have unlimited cash in hand but still based on the loan to value.

View report*This link comes directly from our calculators, based on information input by the member who posted.