Action beats inaction.When I find myself paralyzed by thought, I take a (non-critical) blind step.

Recent purchases by non-owner occupied homes (marketing to landlords)2.

Given the average time to transact the deal and rehab it - winter acquisitions are usually ready just in time for spring renting.One thing I do like about late summer/fall acquisitions is that there's a greater chance the property was vacated in non-pipe bursting weather.

I been painting those with a non skid rubberized coating and it seals everything up fine. 78 a gallon is tough though

It would depend if the loan were a conforming or non-conforming loan, as they use different notes, but there is language in the document referring to your question.

You should pay yourself a modest salary ($500 a month) and the rest would be non-taxable distributions.

yes i am referring to putting a house under a L/o contract and then assigning to an investor...or even putting the house under dual l/o and then still assigning. the point of it is that while i don't mind the work, putting it under contract and finding sellers and buyers i can't deal with even a partial month of non rent payers or other problems. i know as a l/o the t/b usually takes care of minor maint. etc and the real owner usually has the burden of the huge "the water heater blew up" kind of repairs but i am more afraid of no rent and me still needing to pay. i was wondering how much a sellers l/o would be assigned for and then how much a dual (seller and t/b already signed/moved in) l/o would be as far as my profits. also with a t/b how much do they usually put down as a down payment?

You would pay yourself a modest salary each month and then all amounts above that would be considered non-taxable distributions.Joe

In a 4 plex, it would be really nice to have the power to get rid of a terrible tenant, because they are your tenant, and not some druggy loser that an absentee landlord has put in there without checking them out.The last time I checked, the difference in rates that my bank was charging between an owner occupied loan and a non owner occupied loan was 1/4%.

(b) The landlord or the tenant may terminate a month to month tenancy by a written notice given to the other at least thirty (30) days prior to the periodic rental date specified in the notice.So if I had a non paying tenant which type lease would benefit me most?