If you are living in one unit, will you be paying less than you currently are renting? 

Instead of just accepting pay stubs or income statements, contact the employer directly to verify employment status and income.4.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $21,000

Cash invested: $25,000

Sale price: $55,500

Contributors:
Peter Vekselman

Partner Driven...

Pay them back.

We lived in it for a year, remodeled both units and put in place a long-term tenant on one unit and a mid-term tenant on the other.Here's a little more details about this deal:*   Purchase price: $163k*   Financed price: $132k @ 7.625% APR*   After repair (estimated value): $225k*   Gross rents: $2150 ($750 one year lease & $1400 six month lease)*  Annual taxes and insurance: $7000*  Approx credit score: 650 (I used interest free credit card to pay for remodeling this property and maxing it out caused my score drop almost 50 pts!) 

Often lists for your area are free, or if you pay for a subscription from a local provider it probably will have more helpful detail you will want.Have fun, but leave your credit cards and checkbooks at home so you won't be tempted. 

On one hand, paying all cash minimizes risk and lets me reinvest profits quickly.

My lease states that if a tenant breaks the lease and moves out early, they must pay a penalty equal to two months' rent.

I use and outside company to screen and it's typically only $45 for me per person and I ask the applicant to pay the fee.

HSA Bonus depreciation The Book on Tax Strategies for theSavvy Real Estate Investor: Powerful techniques anyone can use todeduct more, invest smarter, and pay far less to the IRS.