Charming, smaller coastal towns with a slower pace of life, natural amenities, seclusion and semi-self sustainability are high on the wish list of many high level clients and investors. 

As for Nolo, is it applicable in all states?

In the program, it appears that you offer a Pre-Loan Application-- perhaps this is how the program is legal?

Buildium and Rentprep will also need the video tour, and the home office ownership or lease info if you want to be able to run credit/background checks directly without having the applicant submit and then approve you to receive the data.

But my experience and perception is that the majority of the programs out there contain many of the negative attributes I mentioned.   

As others have said, the best thing your son can do is run far from this deal, buckle down, save his pennies (he probably already is doing this), house-hack, and improve a property with sweat, hard work, developing a DIY skillset, and self-managing tenants. 

The information contained in this post is not to be relied upon.

The information contained in this post is not to be relied upon.

However, we left out a fairly full container of laundry pods.

As first-time landlords, we considered self-management, but as new parents who work full-time, we decided that hiring a property manager would be the best option for long-term rentals.3.