Communication is the key to making this transition less stressful.

You need to make a good first impression and later on when you present your offers, they would listen.Knowledge is key, when you have no money.

Be patient.

The carrying costs of the HML will be expensive so speed is key on turning around.

The key is safety by knowing well your borrower and the property (and of course the 1st TD).The other is control.

I think the key is your lease agreement.

It seems a key component is selling your personal residence for 399k.From the pictures it is clear you need to declutter and take personal pictures and items out of there.When the property is staged you are sending the message that you have mentally moved out of the house.If you have a bunch of stuff there it will seem to a buyer you have it listed but are not ready to move on.Also the buyer will have a hard time envisioning themselves and their memories there and will be focused and amused by your STUFF.What are the recent SOLDS for the area?

That is usually 1 month from what I'm told.Is this place good to go as in "turn key" - a lot of time, when tenants move out, you'll need to dump some time and money into the place just to get it back to rentable (for the same amount).

OK Shane.The key to walking a neighborhood is knowing and observing what is happening.

Kevin,The key ingredient here is the "guru".