Keep in mind that this may require flooring work after.4.

That meant that a higher down payment is required to cashflow.

I use the following criteria: Applicants minimum requirements Policy:Applicant’s gross monthly income must equal approximately three times or more the monthly rent.Applicants must be employed and be able to furnish acceptable proof of the required income.Applicants must have a credit score at or above 600.Applicants must have good references concerning rental payment, housekeeping, and property maintenance from all previous Landlords.Applicants do not have a history containing evictions.Applicants do not have a history with felony convictions.

What downpayment % does your finance mechanism require?

It's a good market if you stick to the inventory that requires some updating, renovations and minor repairs.

Multi-family is going to cost more than a single family home and might require a larger down payment.What is your goal exactly and what does a little bit of cash flow mean to you?

Your lender may require tax impounds in advance.

Steadily does write in California, but it just depends on the exact address, as there are requirements based on the location, how far the home is away from a fire hydrant, etc., things like that. 

And obviously the better the script the better the results over time.Lastly, just understand the more distressed the list, the fewer calls/texts it requires to get a lead or a deal.    

@Munjal Adhvaryu we have a lot of Canadians investing in Detroit because there's only a river separating the USA and Canada.So, we're very familiar wth LLC and tax requirements for foreign investors.