The main things to look out for are 1) identifying a fair market rent rate, 2) making sure you document condition of the home prior to you taking ownership, 3) holdback fee - this is a fee normally 2x the rent amount to discourage the leaseback tenant from staying in the property after the leaseback expires.Hey Sir, congrats on your purchase!

Hello Sir!

@Matt Crusinberry thank you sir, I appreciate the advice.

@John Underwood yes sir.

You’d borrow 203k in hopes of making 197$ a month .. that’s pretty pathetic of a return This idea of making 23 grand in x amount of years is speculation because You have no idea that is going to happen sir .

@Jared Viernes thank you sir and thank your for the early advice you gave me when I direct messaged you!

@Cassidy Burns the NC coast (Wilmington, Kure Beach and the OBX), Lake Norman (30 mins from Charlotte NC).

Good luck to you sir!

Sydney- Thank you for you service Sir.

Awesome job sir, keep it going.