Depending on your municipality, you may need to get a certificate of occupancy to rent your property to someone (or face fines).  

If you're attracted to the low down payment structure of FHA, your son could obtain a conventional loan, with as little as 3% down that would cost him less over the life of the loan (mortgage insurance premiums are generally less with conventional, and ultimately cancel once enough equity is obtained).Either way, if your son was in school prior to working this job, and the job is full-time salaried, a lender without overlays should be able to use his current income to qualify him.  

I then compare my accounting to results obtained on Turbo Tax.So to stress my point of using qualifiers again, how many doors would you suggest before someone should purchase accounting software?

Much cheaper than the rent you could obtain!

It is a fantastic way to build wealth and obtain financial freedom.  

To further clarify, the investment property will be purchased with100% cash that was obtained from the HELOC so there would be no loan applications at the time of initial purchase.  

I look forward to the education I can obtain here and learning from the BP members and contributors.

Hi,I was considering a move into luxury real estate and came across some different websites offering different luxury marketing certifications.

However this is almost impossible to obtain because the HOA won’t tell you about fees someone else owes for privacy reasons.

For example, several companies will not write a rented dwelling built prior to 1970 without a lead safe certificate.