Does the monthly verbiage in a traditional lease need to be updated to reflect the weekly collection?

Property managers typically belong to state or national organizations that continuously update their contracts and processes to maintain compliance.

Financing- build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.

Make sure you update your insurance policy.

Any updates ?

I thought we would have an update by now. 

Even better if it needs some updating, and better yet if that's enough to get yourself a small multi in your market. 

Find 133k-150k property that needs repairs and updating.

A good broker remains transparent throughout the process, providing regular updates on loan applications, lender responses, and any emerging challenges.

If the house has the right updates for electrical it is a very in demand area for Section 8 tenants as well.