I know of one unit in a ski town where it covered the mortgage with 2 weeks a month, and the days you don't want to ski anyways brought it extra cash.It is like a permeant management company. 

But there was a pandemic, and my start date was pushed back a year.So I did what any 22-year-old from Atlanta would do, packed my bags, and moved to Big Sky, MT, to teach Skiing and Snowboarding.

Before I even allow them to view the property I will already have done a pre screen on them, I will incorporate some of the articles suggestions into the pre screen.

Have your process in place consistently - ie have your financing documents saved at all points in time, be ready to pull the trigger with pre-approvals locked in quickly or a lender that has proven they can quickly turn around a pre-approval and close for you. 4.

@Clifford Datan I imagine the interest rate and fees on a 10% down investor loan are quite high, and it would be a good question to ask about a pre payment penalty as well. 

I'm finding a lot of Heloc's that are not fixed apr and/or require a lump some to be pulled out upon approval. 

We recently went through a pre-approval process and were quoted out at about a 4.5% rate on a 30 year fixed conventional loan.

don’t you set a pre-determined rate in the lease option?

If it's bank owned its not a pre-foreclosure.

In addition to your credit union, I would recommend getting a pre-approval with a mortgage broker as well because they can shop your loan to multiple lenders for you.