Minimal growth does exist in this job but the time commitment will always be there.  

While the city council’s societal heart may be in the right place (for the tenants getting priced out of the Seattle) the onslaught of recent ordinances (1st in time application - challenged and overturned in Court, limits on move-in costs / pet fees, no criminal checks, etc.) these have in many cases encroached and/or completely ignored landlord/property owner rights and create such complex regulations that it is in many cases not feasible or cost effective for small mom & pops to manage their own properties, so they reach out to pros and pass the costs along to the tenants.

Property Photos - Photos showing the existing condition of the property & major repairs needed.Experience - A brief bio of yourself, your experience & your business If you can present this info in a professional format it will help build credibility with your lenders and ultimately get you funding.

I think a written lease would convey, and I'd be bound by any terms in it, so I asked my agent to get, in writing, assurance that no written lease exists.

On one hand, I can't see how the market can continue to support the existing price levels when dual-income professionals can't afford to buy even a starter home. 

My business didn't exist beyond paperwork then either.  

They were basically trying to refi the existing while adding themselves to the deed. 

I am curios to how some of you may have or may be increasing your rental portfolio inventory by leveraging existing equity to purchasing new rental properties.

It will also help you satisfy the pre-existing relationship point of the Section 506D! 

Exist positive cash flow from day 1 is very important to building towards retirement.