Typically lenders would request 2 months of rental receipt + bank statement showing the tenant paying the 2 months of rent to the landlord OR 1 months of rent + security deposit if the lease just started.

Please recommend a SAFE way to invest cash ( ~20k) for a short period of time, about 6 months. 

Let the lowered rates do their thing and maybe ask again in 6-9 months.

Much thanks to anyone who can weigh in with their expertise.There are at minimum 52 regulatory authorities involved with residential mortgage origination and servicing (50 states + DC + Federal).  

But we want to at least not in THE BIG RED every month. 

I have transferred the last month’s rent to my account and the tenant still owes most of July and full August’s rent.  

If you allow them, you must ensure they are spayed/neutered, that the tenants are responsible pet owners, and you should inspect every 3-4 months.

Frankly for us, it is better to let it sit for 4-5 months with an occasional booking instead of renting it for cheap during the off season.

This duplex is in a very desirable neighborhood so it will make conservatively 600-$1000 each month in positive cash flow.

The negative 1K per month includes the property management fee.