I don't think your second idea is bad to ensure things are found and documented.I ended up qualifying for a SBA disaster loan that helped when FEMA would not do anything since my properties are under a business.  

5 star reviews are the best, changing up photos etc all can boost your visibility.Update the amenities with new stuff.

It'll give you time to save up...the more money you have, the more options you give yourself.

They typically communicate that they will be late and do end up paying the full rent plus the late fee by the end of each month.Unfortunately, we've reached a point this month where they submitted a partial payment at the beginning of the month and have now become unresponsive and have not paid the monthly balance.

In the meantime, my brother and I would fix up the home and get it ready to become a rental as well.

-Since it's an Owner-carry, do I still need to set up escrow for prepaids/homeowners ins/property taxes?

Both men are on Youtube and offer their systems for direct purchase or you can partner with them AFTER you buy.I'm looking for something that I can both learn to do alone as well as partner up with someone. 

We typically don't have trouble with getting 80% of your purchase reimbursed to you as long as the DSCR hits 1.00+.Here's a quick breakdown of the eligible loan amounts based on an all-cash investment strategy:• 0-6 Months (Delayed Purchase, no Rehab completed) - up to 80% of purchase price• 6+ Months (Cash-Out Refinance, no Rehab completed) - up to 75% of appraised value• 0-3 Months (Cash-out refi, Rehab completed) - 75% of appraised value [good rates]• 3-6 Months (Cash-out refi, Rehab completed) - 75% of appraised value [best rates]Happy to discuss your specific deal whenever you've got time to review.

When you submit for an EIN, comma is huge Chris Seveney, LLC will show up as Chris seveney as IRS stops at the comma. then try and get licensed in a state for something, creates havoc.2.

I would love any encouragement or advice for newbies who don't have much money to work with up front.