u can not require in most states for tenants to do maintenance only to keep neat and tidyI offer a base rent -0 per cent above market and an early "on or before rent due date received" payment discounted rentNot a late feeIf you do NOT enlist in a mortgage qualification coaching service and leave the tenant to procrastinate on get loan pre qualified, in 30 years of doing lease options I see the tenant not being successful at getting a home loan

I am currently trying to save for the down payment of my first property and wanted some advice about getting financing.

Leveraged-1/2 of the monthly rent = the maximum payment you should have on the property.  

Pre-approval for a Mortgage means you are approved for a total amount of added debt based on the monthly payments you will have to make to pay off that debt.  

My mortgage payment was cut in half and I am presently bringing in 500.00 passive income. 

She said I should write a check form my HELOC to any of my other checking accounts because I'm not able to do a "Stop Payment" on a check coming from my HELOC.  

You learn about how your 3% down payment is now making you 700 bucks a month ( or whatever ever it is you will most likely be cash flowing to some degree ).

I've heard of those guys charging 30-40% gross rents (compared to 8-10% for long term rental PM) to take the burden off these kind of "investors" ... granted, it is not likely as passive as selling on payments, but you have zero capital at risk ...

You have to make monthly payments.

You will save a ton of money and should be able to do this loan with no points and no pre payment penalty.