My name is Travis.I'm 29 and I've never owned a House before.

My question is around requiring other occupants of the house who are not paying the rent to fill out an application.

This would be my very first rental.I have an opportunity to buy a house from an old neighbor for $425k.

Just because the seller says “as is” doesn’t mean you can’t ask for a price reduction to buy what is, as is. ...Continued: https://www.biggerpockets.com/blog/dealing-with-resolutions-...

I just replace the whole house with laminate floors.

I have invested as a LP in apartment communities where there is a partnership between a government agency and the ownership group to provide affordable housing in exchange for tax abatements and long-term, low-rate government funding. 

@SJ Farrugia I actually am a screener with RentPrep and I'd be more than happy to go into more details about our packages with you if you wanted to message me directly, or you can use our Livechat feature to talk to a screener in house.

@Gerard Scranton - we have gone the partner route in similar situations in the past by giving an equity stake in exchange for cash and labor.I would find the nastiest houses in need of work and put up 50% of the combined purchase price and rehab cost and then I’d bring in a contractor partner to bring in the other 50%.

The idea is current home owners who locked in low interest rates before 2022, will be more motivated to sell and upgrade their homes if they can lock in a similar interest rate.The Housing Floodgates May Open by 2025 — How To Prepare To Buy a Home

I have enough in savings to pay for it but I keep asking myself should i just sell it and get it off my plate and lose the low interest rate or bite the bullet and do a big rehab and continue renting it out.