Home is a short distance to schools, parks, shopping, entertainment, restaurant.Lot: 8,158 sqftYear built: 1949Sqft: 1,990 What made you interested in investing in this type of deal?

Some landlords charge a separate application fee and get credit and background checks for every adult living in the unit.

They offered $1000, $2500, then $3000 per adult in the house if they moved out.One house I bought the bank said they knew nothing until right after closing and they called my agent and said the tenant was there month to month, $350/month, I was responsible for gas, electricity, water, sewer and trash.

The place was built in 75, and hasn't been upgraded too much so I'm guessing this is a big piece of the high water bill riddle.Awesome tip, with 4 units in my place (and about 2 adults per), this could add up to some serious cash!

I'll do the exact same when I have adults renting the house with their adult son.

Purchase price: $225,000 Cash invested: $225,000Co-signed with married, adult children.

@Wale Lawal I would definitely entertain that offer once I get this figured out and I am ready to go, especially if I am still not completely confident with doing my first wholesale deal by myself.

If the seller won't entertain this and must sell and close immediately, you'll have to assess the strength of the deal and determine if you think it's worth it to inherit a potentially challenging situation with the squatters.

If you have a rental unit that has several adults but only one adult pays the actual rent every month.

Currently, many lenders are looking for potential borrowers to have ended their forbearance period and to have made 3 monthly payments towards that loan or any loan they may have had in forebearance, before entertaining a new loan.Are there any lenders who have more lenient standards than this?