By doing it this way, you can structure the arrangement for the specific deal, as opposed to becoming part of the LLC and thus becoming a permanent part of the company.Either way, your dad will have to report the income.

If you want to spend your time to make a permanent note on the tenant's history, go for it, but a favorable judgement is unfortunately no guarantee of payment.CO sounds even easier than CA.

If I am getting this wrong someone please tell me.DavidIf your just looking for a place to hand your hat for a little while and not a permanent you should definitely look at doing a duplex, triplex; I don't know about the area your in.

I understand that owning a rental property might diminish my buying power, potential for moving into my own home but what I have discussed with my roommate is me moving into this condo for a couple of months or however long it takes to find permanent tenants and then I'd move out.

As a foreign national (now a permanent resident in the USA), I can suggest the following:Run a search either over the internet or through the junk mail you have on credit card offers and look for secured credit cards ($300 to $500 limits) and apply, securing your limit with your own cash or a bank account.

By "be into" I mean the permanent loan and any of my own cash that's into the deal.

Currently staying down in Spring Hill until I find something permanent in Nashville.

It is hard to justify getting an adjustable rate these days IMO for permanent financing.

Must be on a permanent foundation and with concrete skirtings and in some states hurricane tie downs.  

This is how many years of CF you will be getting up front if your refi...or, another way of looking at this number is this number is how many years it would take you to get the cash you would have gotten in a refi from your CF if you didn't refi.Keep in mind that that loss of CF is permanent, and continuous from the time you refi forward.