They all (in my experience) require the borrower to have some skin in the game.

Just looks like a good market in terms of rents in relation to prices, plus it's a decent size city that seems to have a fairly diversified economy...

I see a fair amount of Austin TX discussion in the forums today.

There isn't a title company in our fair town that will close a deal with a "due on sale clause."

I figure a fairly conservative estimate for the ARV would be $175k.

I'm not familiar with New York law, but it's fairly common for a tenancy to convert to a month-to-month agreement upon the landlord accepting the next months rent following the expiration of the lease term.

The other thing you can ask for is a cosigner from someone with better credit.Usually they move on to another landlord with lower standards but I have people jump through my hoops and with the extra "skin in the game" they have been better than average tenants.

Hey Dell,Welcome...fairly new here myself.I'm over towards Medina county.

The tax assessor has a year from the date of transfer to re-assess the property at fair market value.

Hello everyone,I am fairly new to the world of real estate and property management world.I am currently 50% into finishing up my pre reqs for my real estate test in California.Also state wise I am a working an functional business here in California.