Down Payment: Lower down payments, such as the 3.5% required for an FHA loan, let you keep more of your funds, but they also result in higher monthly mortgage insurance costs.

The requirement for the Section 121 exclusion of capital gains on the sale of a primary residence is indeed based on exact dates, not just the calendar year.

(just like a 2nd but shows up as one loan that has two payments each month) You do these when the seller has a lot of equity and will do a “carry back” instead of requiring cash at closing.

The other items you should request manually and review yourself. do you include all these requirements in the rental ad for transparency or do you communicate them verbally?

You make a valid point about the active involvement required in being a landlord, even in high-quality neighborhoods.

Perhaps different states have different requirements for the eviction process.

Hey @Steven Barr, I suspect the various clerks were just being cranky and/or having a laugh at your expense.Every county in Georgia has a physical "newspaper of record" where foreclosure notices (AKA "Notices of Sale Under Power") are required to be listed.Fortunately, there's also a FREE website (https://www.georgiapublicnotice.com/) that aggregates data across multiple Georgia counties into a single, searchable database, bless their hearts!

For DSCR, the minimum credit we require is 620.

It seems legit but I don't want to waste money if it isn't worth the cost.Also, I live in Kentucky, which I learned is a state that requires an attorney to sign off on all sales.

I wasn't able to find another lender who would require less than 30% cash and lots of points, so I didn't qualify with any other lender either and had to release the contract.