This document will guide you in the event of disagreements (which will eventually happen).

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

Make sure you get an experience realtor that can guide you through the leasing process, vette out any prospects, explain what your duties as a landlord are and what to expect, good bad and ugly.

This will guide your deal criteria.

. 😜2) Courtesy of your state government: A Practical Guide for Tenants & Landlords - Michigan Legislature

Finish (find money i.e, renegotiate with lender, find a partner, HELOC etc.)Let your gut be guided by data and then move forward decisively! 

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

BP-Published DSCR Guide!

If they say no, we ask why, and occasionally, we can sway them if there had been a misunderstanding—for example, a lingering maintenance issue that hasn’t been addressed and they didn’t bother to call about.We don’t have time for a deep dive on lease renewals, but it’s definitely worth picking up a copy of Jeffrey Taylor’s The Landlord’s Survival Guide, which has all sorts of tips on getting tenants to renew.

See the PHA HQS Inspection Resource Guide for all the details.