The build quality can be suspect.In some markets the existing tenants have to be paid cash or offered a deal before you can convert their units.There are many code differences when you want to convert 1 apartment building into multiple units.

QCDs are often used to perfect transfers involving questionable ownership, for example if the rights of ex-spouses, estranged children or sibling heirs are in question, title companies and their underwriters often ask for QCDs from these parties to perfect and guarantee the quality of a transfer.

I would highly recommend being more diligent with your screening process and with a deposit requirement.

Keep up the good work, it's not often such a high quality board is so responsive too!

And the ability to have someone do the screening indeed sounds like the way to go.

Hi All,I discovered this site just yesterday and - after several hours of perusing - have been rather impressed by the quality of the posts.

I also increase the percentage I give the birddog as the amount and quality of the work they do goes up.I have one birddog who is paying birddogs out of his percentage.

For example: Closing on Purchase: ME Cash down payment: YOU Find tenants: ME Screen tenants: ME Prepare and sign leases and other dox: ME Manage property (maintenance, escrows, rent collection): ME Decide to sell: BOTH OF US List property and conduct closing at sale: ME ...

. / Chase Home Finance) are screened and have credentials to earn your trust.

Does that include collecting rents, screening tenants, marketing for new tenants, and making any types of repairs or regular maintenance?