The key is safety by knowing well your borrower and the property (and of course the 1st TD).The other is control.

I think the key is your lease agreement.

It seems a key component is selling your personal residence for 399k.From the pictures it is clear you need to declutter and take personal pictures and items out of there.When the property is staged you are sending the message that you have mentally moved out of the house.If you have a bunch of stuff there it will seem to a buyer you have it listed but are not ready to move on.Also the buyer will have a hard time envisioning themselves and their memories there and will be focused and amused by your STUFF.What are the recent SOLDS for the area?

That is usually 1 month from what I'm told.Is this place good to go as in "turn key" - a lot of time, when tenants move out, you'll need to dump some time and money into the place just to get it back to rentable (for the same amount).

I'm thinking it might be a member here, who knows.I notice that the gurus ask their buyers for: name, drivers license number, SSN, and proof of funds.

Kevin,The key ingredient here is the "guru".

To me when you actually can monetize the money into useable cash is key.

The child still has keys to the unit.

The mechanism is tied to a couple key things, the main factor being reserve capital quotients, which is then tied into the market movement of lending as a whole.

But a good manager is key for long distance investing.