This would help you potentially qualify for an FHA loan when you execute the purchase option.Option 2: 5% payment for the option with the option payment spread out over 12 months from the 2nd month until the 13thmonth.

The last thing you want is to inadvertently overlook or forget crucial details, potentially leading to complications down the road.

It will not make its potential with you living in one of the units so take that into account.

Two potential challenges:1) Finding someone with ALL the necessary expertise2) Finding someone that has enough time or can work efficiently to maintain your list

Whereas, Iowa City isn't growing quite as much, is very saturated with rentals, and people go there for college so potential for high turn over.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

If you enter a true partnership with this GC, you will be splitting not only potential profits but also potential losses.

I need some advice on the following situation.I am sorry for asking such a basic question, but unfortunately, I am still new to this and never dealt with this type of scenario before.I have a single family home that is part of an HOA.My main goal is to protect the asset and avoid any potential financial loss as much as possible.The current lease agreement states that the tenants are responsible for mowing the grass.They are also responsible for paying any HOA fines, etcUnfortunately after multiple attempts to get through to them to cut the grass, the grass was never cut and the yard is getting worst and worst.They also refuse to turn on the sprinkler system which is causing the grass to slowly die.

A potential tenant filed a housing discrimination by maritial status against me (Owner) and realtor (Rental). 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!