Literally the hardest part of being a landlord of stabilized properties (if you have a rock start property management team) is scanning the physical checks for deposit every month.

You can always give the tenant the right to match your best offer, but be sure that they get pre-qualified for a home loan so you don't waste time with them if they can't qualify.

Also, connect with a local real estate agent at some point, they can help you find some properties that match your needs. and get them to connect you to a local lender when the time is right.

Allowing him to simply move in opens up the possibility of ending up with a tenant that has not been vetted or screened, has not paid a deposit, has not provided their info with which to take legal action such as an eviction/send him to collections, etc.

I am holding 1mo security deposit currently.So she paid OCT rent, and per the lease should pay NOV rent ($2k) + 1mo fee ($2k).I know she is just going to walk and not pay the additional rent or fee ($4k total)....why wouldn't she?

We get first and last plus security deposit up front.

I'd love to hear your thoughts on if there is any legal requirement for Loan Depot to deposit our funds within a certain period, like there appears to be when they're paying off a mortgage for that type of cash-out refi.  

ARV has to match the loan and improvements.   

Such services should include:- Creating enticing market listings and ads promoting the property at its best for high demand- Rental market expertise to provide recommended rent amounts for your property's market without recommending an inflated rent amount scaring away potential tenants or recommending a deflated rent amount causing less of a return monthly- Physically showing the home to potential tenants- Collecting/depositing monthly rents and bill paying- Vetting/screening applying tenants or managing non-paying/troublemaking tenants- Resolving maintenance repairs by hiring professionals to care for your investment- Turning your investment property move-outs quickly for new tenant placementLook for all of the above listed services and more when researching property management companies to receive the most return on investment!

My client wants to use some of the money on a passthrough deposit, and I'm seeking clarification on if this is possible without disqualifying the 1031.