We are trying to close on 3-4 houses per week, but because it's for a large portfolio with the specific focus on turnkey rentals it has to meet a very specific financial criteria.

Ok guys so I am super new to rental property management so I will be closing on a 6br/2bth in about two weeks.

Only option for higher LTV is FHA (occ) at 3.5%.https://www.fanniemae.com/content/eligibility_info...I can't tell you how many times I've gone through 3 weeks of the qualification process only to have a lender change the rules at the last minute because they didn't know the Fannie Mae guidelines.And all that aside this does not look like a good deal to me at all.

After the hurricane damage is addressed, he suggests it would market well for people looking for a week by the coast.  

Between last week and next we are closing on about 10 deals..6 are from direct mail, 2 from referrals and 2 from other wholesalers.

Also, can either of you tell me why you don't really hear of anyone charging rent on a bi-weekly basis? 

The property was vacant until just a few weeks before I purchased it so we had very little to go on to determine what utility costs might be and of course we underestimated... such is life.

Listen to all of the weekly podcasts, this has been the greatest learning tool I have found.

Just wanted to jot down a few things.I get probably 10 mail pieces a week from various parts of the country on assets we own.. we target the same thing wholesalers do so we get these.I had a few surplus properties so I wanted to go ahead and reach out and see if I could find any true cash buyers not assignors..Any who..

And hands me a copy of the Portland Metro business journal.Each week they feature the top business in the metro area.. in real estate health high tech you name it.this one was top 30 new construction builders..And there I was Number 24  .. and well DR Horton was number 1.