My boyfriend is a 100% disabled veteran who receives $6,500 per mo in benefits.  We live in Alabama and he pays no property tax on his home here as a disabled vet.  He owns his home here outright (value $350k). He ha...

BUT for certain rural areas it's worth it's weight in gold because of the reliability factor vs an unreliable or expensive existing utility structure. 

Are there any features you’ve always wished existed in tools you currently use to evaluate investment properties?

.- Our current preferred return is 12% a year, for a 3 year term (keep in mind these funds along with the notes that they purchase exist within a marketplace so returns fluctuate depending on the offering). - ACH payments are received by investors on the 1st of every month, so participation in our fund is a purely passive investment vehicle that's open to accredited investors only (and like Patrick said above, accredited or not, anyone can purchase a note).As an added bonus, investors in our fund can redeem shares to purchase notes upon availability. 

The purpose of my post was to make others aware of the difficulties associated with selling entry level SFH's which tend to be in neighborhoods with limited owner occupant participation and when the owner occupant participation exists the buyer pool are the least qualified of the FHA buyer pool.

Here are some common pitfalls I see for new investors from the private lending perspective:• Insufficient Funds: most lenders are going to be able to lend a first-time investor somewhere around 75-80% of the purchase price of an existing property + 100% of your estimated rehab budget (or an 80/100 loan, for short).

Two days ago it was an investor who created an additional LLC independent of the deed holder entity believing tenants could only sue the LLC where a contractual relationship existed. 

For your existing rental property, the net rental income from your Schedule E on your most recent return will be used in your DTI.

Peace and blessings,Johnny

I pay my taxes in whatever currency Uncle Sam requires, and I will charge my customers and/or employer in that same currency, even if a better one exists.