Lastly, to make it easy on the lender, I would recommend making sure you upload clear, legible, PDF files for documents to save the hassle of having to do multiple requests for the same thing. 

If you want to buy and hold (eg long term rental) and you aren't planning on living in it, you will need 20% down.

Lease comes second and deposit comes last.

@Kristin Moore how long is the stay. 

Lease renews 08/2025Unit C - 2 bed 1 bath, not updated - occupied with very long-term tenant (several years) - rent is currently $710 - month to month.

Last couple of years we have been lucky that outgoing students bringing in new students who take over the property immediately.

Lastly, it's common for the Buyer's Broker agreement to have a clause that stipulates the client will owe a commission for property which is covered by your Buyer's Broker agreement if you agree to a purchase agreement within 60 or 90 days of the expiration of the agreement.

The video is about 38 minutes long and I am not going to keep writing a post that takes 38 minutes to talk about.

Contact the local Assessor's Office to find out how much.You state this is a "college town property", but the rents don't reflect that.The low rents typically are reflective of long-term tenants that the current owner hasn't raised rents in awhile.

Seems like maybe decent way to finance them as long as u take rental income u created to pay hero loans off right away?