. -- Thus, you can expect to get Class C or D tenants, which have a 15-25% probability of defaulting on their lease payments.2) If your PMC is lowering FICO to 550, what are they doing to improve their screening in other areas?

Be sure to follow all formalities, such as sending via certified mail if required.Transfer Rent Payments: Notify tenants in writing that rent payments should be made to the new property management company moving forward.

Finding reliable contractors for out-of-state investments can indeed be challenging.

Is it difficult to find reliable cleaners and handymen for the property?

Together, we have over $200K (mostly in stock market investments), and our parents may help with the down payment.

Make sure you understand the local rental market and have a reliable team for rehabbing properties.- **House Hacking:** This can be a great way to start, especially if you're looking to live in one of the units.

Platforms like Angi or a quick Google search can also help you find reliable options.

Start small, ensure your numbers (purchase + rehab + holding + selling costs) leave room for profit, and build a reliable team (contractor, agent, lender).For financing, work with lenders who specialize in fix-and-flips. 

Spend what’s needed to upgrade with reliable mechanical systems, roof that doesn’t leak, remediate all mold; interior design modernized; in other words a place that will attract a higher income no hassle tenant.  

Hi All, I'm in need or a reliable tool to use when underwriting short term fix & flip loans.