For those who meet all of our criteria, we do not ask for last months.

All the answers that I could ever need and more!!  

This approach allows you to manage the property closely, benefit from homeowner loan terms, and potentially increase its value with improvements before renting it out.As you transition the townhouse to a rental, ensure the rent covers all expenses and provides a profit.

I'm looking forward to any and all engagement on this post!

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

@Karolina Powell, and to sum it all up: seller's numbers are meaningless.  

No fun at all. 

I explain that I assume that all my tenants are reasonable adults and will negotiate parking amongst themselves.   

Finally, **transparency and trust** are vital; a lender who is upfront about all costs and willing to work through challenges builds long-term relationships with investors.

If your in need of a title rep @Shannon Wright can assist not only in San Diego but all 58 CA counties...