A3: Zelle payments require 1099s.

How long have you owned these, and how much is rent vs the payment?

Consider tenant stability, including consistent payments and maintenance of the TOH.

Quote from @Brad Roche: The other thing that is great for the FHA 203K loan (not sure about the Homestyle loan) is that you can kick the payments out to 6 months of ownership (so close today and make your first payment July 12th 2025) if you are fixing up the home.

In this type of situation, they want low interest rate with low down payment also.

In this case, since they are borrowing their payments, these would get added to the principal balance each month, and interest would be calculated on that.If, for example, the interest rate on the note were 10%, they would implicitly be borrowing their payments at that rate.

Down PaymentSaving for your down payment is likely top of mind.

I am 21 with excellent credit and have enough/will have enough for the high down payment they require.

These are features like online renter payments, tenant portal (for payments and work orders), help keeping track of work orders, tax reporting features, and accounting functionality.

How will the partnership cash flow cover the HELOC payments if interest rates increase?